India retail leasing reaches four-year H1 high as mall supply tightens
Gross retail leasing across India’s top seven cities reached 6.27 million sq ft in H1 2026, up 10.5% year on year, while new mall supply fell 64%. Domestic retailers accounted for 79.1% of leasing activity, according to JLL India.
India’s top seven-city retail leasing reached a four-year H1 high of 6.27 million sq ft as new mall supply fell sharply. Domestic retailers drove 79.1% of activity, vacancy declined, and 45.5 million sq ft of mall space is under construction through 2030.
Why this matters
JLL India’s H1 result follows its Q1 report of a 15% QoQ leasing drop to 3.1 million sq ft amid drying mall supply, indicating stronger first-half activity despite constrained retail space.
retail-company is accelerating, up 228,517% QoQ.