Delhi-NCR retail leasing rises 45% in Q1 as fashion and F&B fuel demand
Delhi-NCR retail leasing reached 0.59 million sq ft in Q1 2026, up 45% year-on-year, according to Cushman & Wakefield. Malls accounted for 64% of transactions, while Delhi-NCR represented 30% of leasing across India’s top eight cities amid constrained retail supply.
Delhi-NCR retail leasing climbed 45% year-on-year in Q1 2026 to 0.59 million sq ft, led by fashion and F&B demand. Mall leasing dominated, while constrained supply reduced overall leasing across India’s top eight cities despite strong occupier expansion interest.
Why this matters
For Cushman & Wakefield, the Q1 leasing increase follows a recent signal on Connaught Place rents rising 14% in Q4 FY25 and repeats prior coverage of fashion- and F&B-led Delhi-NCR leasing growth.
Store-opening is steady, with 1,618 signals in the past 90 days; no QoQ change was provided.