Delhi-NCR retail leasing jumps 45% in Q1 as fashion and F&B demand builds
Delhi-NCR retail leasing rose 45% year on year to 0.59 million sq ft in Q1 2026, with malls accounting for 64% of activity. The region captured 30% of leasing across India’s top eight cities despite a 10% overall decline, as limited supply constrained transactions.
Delhi-NCR retail leasing climbed 45% year on year in Q1 2026, led by fashion and F&B occupiers. Mall demand dominated, while limited supply constrained leasing across India’s top eight cities despite sustained interest from domestic and international retailers.
Why this matters
The Q1 gain extends Cushman & Wakefield’s recent Delhi-NCR signals on retail leasing rising 45% as fashion and F&B fuel demand, including reports that demand is accelerating and resurfacing.
Footfall is steady, with 435 signals recorded in the past 90 days.