Resurfacing Q1 2026 data: Delhi-NCR retail leasing jumped 45% as fashion and F&B led demand

Resurfacing figures from Q1 2026: Retail leasing in Delhi-NCR reached 0.59 million sq ft, up from 0.41 million sq ft a year earlier. Malls accounted for 64% of leasing, while Delhi-NCR contributed 30% of absorption across India's top eight cities.

— FiledSun, 30 Aug, 2026, 06:16 IST·First seen Sun, 30 Aug, 2026, 06:15 IST·Source Financial Express · BrandWagon

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. Mall leasing dominated,

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 share: 64%
  • High streets 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 Q1 2026 leasing decline: 10%
  • Top-eight-city Q1 2025 leasing: 2.17 million sq ft
  • 2025 leasing across eight cities: 9.21 million sq ft

Why this matters

Fashion, F&B, and mall operators should view Delhi-NCR’s leasing acceleration as a favorable window for site acquisitions, partnerships, and portfolio expansion.

What to watch

  • Quarterly Delhi-NCR retail absorption and the mall-versus-high-street leasing split.
  • Prime mall occupancy, effective rental growth, tenant incentives and lease renewal terms.
  • New Grade-A mall supply, project completion schedules and redevelopment announcements.
  • Same-store sales trends for fashion, beauty, QSR, cafés and casual dining chains.
  • Consumer spending, footfall and weekend sales performance across Delhi, Gurgaon and Noida.
  • Store-opening announcements from domestic fashion brands, international entrants and F&B operators.
  • National fashion and F&B chains accelerate Delhi-NCR store pipelines, especially in premium malls and food-and-beverage clusters.
  • Mall operators rebalance tenant mixes toward experiential categories, larger flagship formats and higher-performing F&B concepts.
  • Landlords pursue rental resets, percentage-of-sales clauses and redevelopment of underproductive retail space.
  • Retailers increase local warehousing, replenishment capacity and store staffing to support denser NCR networks.