India retail leasing rises 10.5% to four-year H1 high despite mall-supply crunch
Organised retail leasing reached 6.27 million sq ft in H1 2026 as domestic retailers drove 79.1% of demand. Fresh mall supply fell 64% year on year, tightening vacancies, while Mumbai, Delhi NCR and Bengaluru accounted for 76% of leasing.
India’s organised retail leasing hit a four-year half-year high in H1 2026 despite a sharp decline in new mall supply. Domestic brands drove demand, reducing mall vacancies, while Mumbai, Delhi NCR and Bengaluru accounted for over three-fourths of activity.
Why this matters
JLL India’s H1 2026 update reinforces recent signals that India retail leasing reached a four-year H1 high as mall supply tightened, including resurfaced data showing 6.27M sq ft of leasing.
retail-company is accelerating, up 201,214% QoQ.