Delhi-NCR retail leasing rises 45% in Q1 as fashion and F&B fuel demand
Retail leasing in Delhi-NCR reached 0.59 million sq ft in Q1 2026, up from 0.41 million sq ft a year earlier, according to Cushman & Wakefield. Malls accounted for 64% of leasing, with fashion and food-and-beverage occupiers driving demand amid limited quality supply.
What happened
Cushman & Wakefield · 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. Malls captured 64% of
Key facts
- Delhi-NCR retail leasing rose 45% year-on-year to 0.59 million sq ft in Q1 2026, from 0.41 million sq ft
- Shopping malls accounted for 64% of Delhi-NCR leasing; high streets accounted for 36%
- Delhi-NCR represented 30% of leasing across India’s top eight cities
- Retail leasing across the eight cities fell 10% to 1.95 million sq ft from 2.17 million sq ft
- Eight-city retail leasing totalled 9.21 million sq ft in calendar 2025
Why this matters
Fashion and F&B companies may find value in acquiring local brands, franchise platforms, or mall-ready operators to secure faster access to scarce premium retail space.