Delhi-NCR retail leasing jumps 45% in Q1 as fashion and F&B fuel demand
Delhi-NCR recorded 0.59 million sq ft of retail leasing in Q1 2026, up from 0.41 million sq ft a year earlier. Malls accounted for 64% of transactions, with fashion and food-and-beverage brands driving occupier activity amid constrained quality supply.
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. Malls captured 64% of activity as limited quality supply and expansion by domestic and international retailers sustained occupier interest.
Why this matters
The increase follows a January 2026 signal on fashion- and F&B-led leasing demand and aligns with a December 2024 report projecting 27 million sq ft of Delhi-NCR retail supply through 2028.
Store-opening remains steady, with 1,413 signals recorded in the past 90 days.