Delhi-NCR retail leasing jumps 45% in Q1 as fashion and F&B drive demand
Delhi-NCR retail leasing reached 0.59 million sq ft in January–March 2026, up 45% year on year. Malls took 64% of leasing, while the region accounted for 30% of activity across India’s top eight cities despite a 10% national decline.
Delhi-NCR retail leasing climbed 45% year-on-year in Q1 2026 to 0.59 million sq ft, led by fashion and F&B demand. Malls captured 64% of activity as quality-space constraints limited leasing across India’s eight major cities.
Why this matters
The result follows recent Delhi-NCR retail signals that resurfaced a January fashion-and-F&B leasing move, plus a 66% warehousing leasing increase linked to quick commerce and FMCG.
Store-opening is steady, with 1,774 signals recorded in the past 90 days.