Delhi-NCR retail leasing jumps 45% in Q1 as fashion and F&B demand accelerates
Delhi-NCR retail leasing rose to 0.59 million sq ft in Q1 2026, accounting for 30% of leasing across India’s top eight cities. Malls captured 64% of the region’s activity, while limited supply weighed on overall national leasing.
Delhi-NCR retail space leasing rose 45% year-on-year in Q1 2026 to 0.59 million sq ft, led by fashion and F&B demand. Mall leasing dominated, while constrained supply reduced overall leasing across India’s top eight cities.
Why this matters
The result follows recent resurfaced signals on the same 45% Q1 leasing rise, including Q1 2026 and January 2026 reports linking growth to fashion and F&B demand.
Retail-company is accelerating, up 980700% QoQ.