Delhi-NCR retail leasing rises 45% in Q1 as fashion and F&B demand strengthens
Delhi-NCR leased 0.59 million sq ft of retail space in Q1 2026, with malls accounting for 64% of activity. The region contributed 30% of leasing across India’s top eight cities, where overall leasing fell 10% amid limited quality supply.
Delhi-NCR retail leasing increased 45% year-on-year in Q1 2026, led by fashion and F&B occupiers. Mall demand dominated leasing, while constrained quality supply reduced overall leasing across India’s eight largest cities despite continued expansion by domestic and international brands.
Why this matters
Cushman & Wakefield’s recent Q1 signals said Delhi-NCR leasing rose 45% as fashion and F&B demand built; the resurfaced report also identified fashion and F&B as demand drivers.
retail-company is accelerating, up 385867% QoQ.