India retail leasing jumps 65% YoY to 3.2M sq ft in Q3 2025; Delhi-NCR and Hyderabad lead
Retail leasing across India reached 3.2 million sq ft in Q3 2025, a 65% year-on-year surge signaling robust store-expansion demand. Delhi-NCR and Hyderabad together accounted for 57% of total leasing, underscoring concentrated growth in these two markets.
India's retail leasing hit 3.2 million sq ft in Q3 2025, up 65% YoY, with Delhi-NCR and Hyderabad together contributing 57% of total leasing — a category-level signal on store expansion demand.
Why this matters
The 65% YoY jump extends steady store-expansion momentum across India, with retailers concentrating store growth in Delhi-NCR and Hyderabad as leasing demand accelerates in Q3 2025.
Store-opening activity steady with 519 signals tracked over the past 90 days.