Resurfacing a Q1 2026 report: Delhi-NCR retail leasing rose 45% as fashion and F&B demand accelerated
Retail leasing in Delhi-NCR reached 0.59 million sq ft in Q1 2026, with malls accounting for 64% of transactions. The region captured 30% of leasing across India’s top eight cities, even as overall leasing declined amid constrained quality supply.
Delhi-NCR retail leasing rose 45% year on year in Q1 2026, led by fashion and F&B demand. Malls captured most activity as domestic expansion and international-brand participation outpaced quality space supply, while overall top-eight-city leasing declined due to constraints.
Why this matters
The resurfaced Q1 report reinforces Cushman & Wakefield’s recent Delhi-NCR leasing signals citing 45% growth led by fashion and F&B, while its 2025 top-eight-cities report noted 15% annual leasing growth to 9 million sq ft.
Store-opening is steady, with 1,337 signals recorded over the past 90 days.