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 January-March 2026, up from 0.41 million sq ft a year earlier, according to Cushman & Wakefield. Malls accounted for 64% of activity, despite an overall 10% decline across India’s top eight cities.
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 constrained quality supply kept organised retail occupier interest strong.
Why this matters
The result reinforces recent signals on Delhi-NCR leasing jumping 45% in Q1, with fashion and F&B leading or fueling retail-space demand despite a national slowdown.
retail-company is accelerating, up +1,063,500% QoQ.