Delhi-NCR retail leasing jumps 45% in Q1 2026, led by fashion and F&B
Retail leasing in Delhi-NCR reached 0.59 million sq ft in January–March 2026, with malls accounting for 64% of activity. The region made up 30% of leasing across India’s top eight cities, where overall absorption fell 10% amid limited supply.
Delhi-NCR retail leasing grew 45% year-on-year in Q1 2026 to nearly 6 lakh sq ft, led by fashion and F&B demand. Malls captured 64% of activity, while constrained supply reduced total leasing across India’s top eight cities by 10%.
Why this matters
The signal reinforces recent reports that Delhi-NCR retail leasing rose 45% in Q1 as fashion and F&B demand strengthened, including a resurfaced start-of-2026 analysis of the same trend.
Store-opening is steady, with 1,478 signals in the past 90 days; no QoQ change is provided.