Resurfacing Q1 2026 data: Delhi-NCR retail leasing jumped 45% as fashion and F&B fueled demand
Report resurfacing figures from Q1 2026 shows retail leasing in Delhi-NCR reached 0.59 million sq ft, up from 0.41 million sq ft a year earlier. Malls accounted for 64% of transactions, while Delhi-NCR captured 30% of leasing across India’s top eight cities.
Delhi-NCR retail leasing rose 45% year-on-year to 0.59 million sq ft in Q1 2026, led by fashion and F&B demand. Mall leasing dominated, while constrained quality supply reduced overall leasing across India’s eight largest cities by 10%.
Why this matters
The Q1 2026 increase extends prior Delhi-NCR signals showing 2024 leasing acceleration, falling premium-mall vacancy, rising rents, and a retail pipeline above 27 million sq ft through 2028.
Retail-company signals are accelerating, with QoQ growth of +1114600%.