Resurfacing a Q1 2026 report: Delhi-NCR retail leasing jumped 45% as fashion and F&B fueled demand
Data resurfacing from Q1 2026 shows Delhi-NCR retail leasing reached 0.59 million sq ft, up from 0.41 million sq ft a year earlier. Malls captured 64% of leasing, while constrained quality supply pulled total leasing across India’s top eight cities down 10%.
Delhi-NCR retail leasing climbed 45% year-on-year in Q1 2026 to 0.59 million sq ft, led by fashion and F&B demand. Mall leasing dominated, while constrained quality supply reduced overall top-eight-city leasing despite continued retailer expansion.
Why this matters
The result follows resurfaced signals that Delhi-NCR premium retail rents rose as leasing more than doubled and that fashion and F&B drove Q1 leasing demand.
Store-opening is steady, with 1,513 signals recorded in the past 90 days.