Delhi-NCR retail leasing rose 45% in Q1 2026 as fashion and F&B demand accelerated, report resurfaces
Resurfacing data from Q1 2026: Delhi-NCR leased 0.59 million sq ft of retail space that quarter, with malls contributing 64% of volume. The region accounted for 30% of leasing across India’s top eight cities, where overall activity fell 10% amid limited quality supply.
Delhi-NCR retail leasing rose 45% year-on-year in Q1 2026, led by fashion and F&B demand. Mall leasing dominated volumes, while constrained supply reduced overall leasing across India’s eight largest cities despite strong domestic and international retailer expansion.
Why this matters
The data reinforces recent signals that Delhi-NCR retail leasing rose or jumped 45% in Q1 as fashion and F&B demand fuelled activity, including a resurfaced January 2026 report.
Store-opening is steady, with 1,668 signals recorded over the past 90 days.