Delhi-NCR retail leasing rose 45% in Q1, resurfacing early-2026 data as fashion and F&B fuel demand
Retail leasing in Delhi-NCR reached 0.59 million sq ft in Q1 2026, up from 0.41 million sq ft a year earlier, according to figures resurfacing from a January 2026 report. Malls accounted for 64% of take-up, with fashion and food-and-beverage brands driving demand amid constrained quality supply.
Delhi-NCR retail leasing rose 45% year-on-year to 0.59 million sq ft in Q1 2026, led by malls and fashion/F&B demand. Limited quality supply constrained top-eight-city leasing, while domestic and international retailers continue to expand in organised formats.
Why this matters
The Q1 leasing gain follows signals that premium-mall vacancy fell to 8.3% and rents rose, while a 27 million sq ft pipeline through 2028 may ease supply constraints.
Store-opening is steady at 1,637 signals in 90 days; QoQ figures were not provided.