Delhi-NCR retail leasing rose 45% in Q1, resurfacing a January 2026 report of accelerating fashion and F&B demand
Resurfacing data from a report dated around January 2026: Delhi-NCR retail leasing reached 0.59 million sq ft in Q1 2026, up from 0.41 million sq ft a year earlier. Malls captured 64% of leasing, while high streets accounted for 36%. Across the top eight cities, leasing fell 10% amid constrained supply.
What happened
Cushman & Wakefield · Delhi-NCR retail leasing climbed 45% in Q1 2026, led by mall and high-street demand from fashion and F&B occupiers. Across India’s top
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
- Malls accounted for 64% of Delhi-NCR leasing; high streets accounted for 36%
- Delhi-NCR held a 30% share of leasing across the top eight cities
- Top-eight-city leasing fell 10% to 1.95 million sq ft from 2.17 million sq ft
- Top-eight-city retail leasing was 9.21 million sq ft in calendar 2025
Why this matters
The leasing acceleration points to an active expansion environment in Delhi-NCR, where acquisitions, partnerships or format rollouts in malls and dominant high streets could secure scarce strategic locations.