Delhi-NCR retail leasing jumps 45% in Q1 as fashion and F&B demand grows
Retail leasing in Delhi-NCR reached 0.59 million sq ft in Q1 2026, up from 0.41 million sq ft a year earlier. Malls accounted for 64% of transactions, while constrained supply contributed to a 10% decline in 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 dominated, while constrained supply limited overall leasing across India’s eight largest cities.
Why this matters
Delhi-NCR’s Q1 leasing increase extends its recent pattern of rising retail leasing and rents as premium-mall vacancy falls, reinforcing demand for organised mall space.
Store-opening is steady, with 1,318 signals recorded in the past 90 days.