Delhi-NCR retail leasing jumped 45% in Q1 as fashion and F&B fueled demand, resurfacing a January move
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 constrained quality supply tempered 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. Limited quality supply constrained overall top-eight-city leasing, while domestic retailer expansion and international-brand participation supported occupier interest.
Why this matters
The signal revisits Cushman & Wakefield’s January Delhi-NCR retail-leasing report tied to fashion and F&B. It aligns with recent signals of 66% warehousing leasing growth and logistics leadership as quick commerce, FMCG and 3PL scale.
Store-opening is steady, with 1,764 signals in the past 90 days; no QoQ percentage was provided.