Delhi-NCR retail leasing jumps 45% in Q1 as fashion and F&B fuel demand
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 activity, while the region contributed 30% of leasing across India’s top eight cities.
Delhi-NCR retail leasing rose 45% year-on-year in Q1 2026 to 0.59 million sq ft, led by fashion and F&B demand. Malls captured 64% of activity as constrained quality supply kept organised retail occupier interest strong.
Why this matters
The Q1 leasing increase extends prior Delhi-NCR signals on rising retail rents and a 27 million sq ft supply pipeline, showing demand is expanding alongside future retail space additions.
Store-opening is steady, with 1,380 signals recorded in the past 90 days.