Delhi-NCR retail leasing jumps 45% in Q1 as fashion and F&B fuel demand
Delhi-NCR retail leasing reached 0.59 million sq ft in Q1 2026, up from 0.41 million sq ft a year earlier. Malls captured 64% of activity, while the region accounted for 30% of leasing across India’s top eight cities despite a 10% overall decline.
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 limited quality supply constrained leasing across India’s top eight cities.
Why this matters
The Q1 increase reinforces recent signals that Delhi-NCR leasing rose 45% as fashion and F&B demand strengthened and built, including a resurfaced January 2026 report.
Retail-company signals are accelerating, up 218483% quarter over quarter.