Resurfacing Q1 2026 data: Delhi-NCR retail leasing jumped 45% as fashion and F&B demand accelerated
Report shows Delhi-NCR leased 0.59 million sq ft of retail space in Q1 2026, up from 0.41 million sq ft a year earlier. Malls captured 64% of activity, while the region accounted for 30% of leasing across India’s top eight cities despite a broader 10% market decline.
Delhi-NCR retail leasing grew 45% year-on-year in Q1 2026 to 0.59 million sq ft, led by fashion and F&B demand. Mall-led leasing and constrained quality supply underline continued expansion appetite among domestic and international retailers.
Why this matters
The Q1 report extends Cushman & Wakefield's recent Delhi-NCR leasing coverage: a resurfaced Q1 signal noted 45% growth, while a later H1 signal reported 78% growth led by fashion and F&B.
Retail-company signals are accelerating, up 1,109,400% QoQ.