Delhi-NCR retail leasing jumps 45% in Q1 as fashion and F&B demand builds
Delhi-NCR absorbed 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 leasing, while Delhi-NCR contributed 30% of activity across the top eight cities, where total leasing fell 10% amid constrained supply.
Delhi-NCR retail leasing rose 45% year-on-year in Q1 2026, led by fashion and F&B demand. Mall leasing dominated, while constrained supply reduced overall top-eight-city leasing despite strong domestic and international retailer expansion.
Why this matters
The result reinforces recent signals that Delhi-NCR retail leasing rose 45% in Q1 as fashion and F&B fuel demand, adding detail on malls' 64% share and Delhi-NCR's 30% contribution across eight cities.
Retail-company theme is accelerating, up +386467% QoQ.