Delhi-NCR retail leasing jumped 45% in Q1, resurfacing a start-of-2026 report as fashion and F&B led demand
Resurfacing data from early 2026: Delhi-NCR leased 0.59 million sq ft of retail space in Q1 2026, up from 0.41 million sq ft a year earlier. Malls accounted for 64% of activity, while Delhi-NCR contributed 30% of leasing across India’s top eight cities.
Delhi-NCR retail leasing rose 45% year-on-year to 0.59 million sq ft in Q1 2026, led by fashion and F&B demand. Mall leasing accounted for 64%, while constrained quality supply caused overall leasing across India’s eight major cities to fall 10%.
Why this matters
The report extends recent Delhi-NCR signals showing retail leasing jumping 45% in Q1 as fashion and F&B demand built, fueled demand and accelerated.
Retail-company theme trend: accelerating, up 1,001,600% QoQ.