Delhi-NCR retail leasing rises 45% in Q1 as fashion and F&B demand accelerates
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 Delhi-NCR contributed 30% of leasing across India’s top eight cities.
Delhi-NCR retail leasing increased 45% year-on-year to 0.59 million sq ft in Q1 2026, led by fashion and F&B demand. Malls took 64% of activity, while constrained supply pushed total leasing across eight major Indian cities down 10%.
Why this matters
The result reinforces recent signals reporting a 45% Q1 rise in Delhi-NCR retail-space leasing, with fashion and F&B identified as the leading demand drivers.
Retail-company signals are accelerating, with theme activity up 1,063,000% quarter over quarter.