Delhi-NCR retail leasing rose 45% in Q1as fashion and F&B demand strengthened, resurfacing March 2026 data
Resurfacing figures from the quarter ended March 2026: Delhi-NCR leased 0.59 million sq ft of retail space 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 despite a 10% national decline.
Delhi-NCR retail-space leasing increased 45% year-on-year in Q1 2026 to nearly 6 lakh sq ft, led by fashion and F&B demand. Malls captured most leasing, while constrained supply limited total activity across India’s top eight cities.
Why this matters
The result reinforces recent Cushman & Wakefield signals that Delhi-NCR retail leasing rose 45% in Q1 2026, with fashion and F&B leading demand despite a national leasing decline.
retail-company is accelerating, up 198114% QoQ.