Delhi-NCR retail leasing rise of 45% in Q1 resurfaces as fashion and F&B demand builds
Resurfacing a January 2026 report: Delhi-NCR retail leasing 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 represented 30% of leasing across India’s top eight cities.
Delhi-NCR retail leasing climbed 45% in Q1 2026, led by fashion and F&B demand. Mall leasing dominated activity, while limited quality supply constrained overall leasing across India’s top eight cities despite strong occupier interest in organised retail formats.
Why this matters
The report echoes recent Delhi-NCR signals on a 45% Q1 leasing increase, including coverage of fashion and F&B-led demand and a January 2026 report resurfacing the same market trend.
Store-opening is steady, with 1,368 signals recorded over the past 90 days.