Delhi-NCR retail leasing jumps 45% in Q1 as fashion and F&B demand rises
Retail leasing in Delhi-NCR reached 0.59 million sq ft in Q1 2026, up from 0.41 million sq ft a year earlier. Malls accounted for 64% of transactions, with fashion and food-and-beverage brands competing for limited organised retail space.
What happened
Delhi-NCR retail real estate market · 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 space
Key facts
- Delhi-NCR Q1 2026 retail leasing: 0.59 million sq ft
- Delhi-NCR leasing growth: 45% year-on-year
- Delhi-NCR Q1 2025 leasing: 0.41 million sq ft
- Shopping malls' leasing share: 64%
- High streets' leasing share: 36%
- Delhi-NCR share of top-eight-city leasing: 30%
- Top-eight-city Q1 2026 leasing: 1.95 million sq ft
- Top-eight-city leasing decline: 10% year-on-year
- Top-eight-city Q1 2025 leasing: 2.17 million sq ft
- Top-eight-city 2025 leasing: 9.21 million sq ft
Why this matters
Rising fashion and F&B demand in space-constrained malls creates an opportunity to secure partnerships, acquire proven local concepts or pursue mall-led expansion before prime locations become scarcer.