Delhi NCR leads India retail leasing in Q3 2026
In short
India’s retail real estate market was strong in Q3 2026. Delhi NCR led leasing, and Hyderabad and Mumbai were also major markets. Together, the three cities made up 61% of gross leasing volume.
Fashion and food & beverage were the main demand drivers. More Grade A mall supply may open up more retail space, but the exact amount and timing were not stated.
What the reporting says
India’s retail real estate market saw strong demand in Q3 2026, led by Delhi NCR, Hyderabad and Mumbai, which together accounted for 61% of gross leasing volume. The report says fashion and food & beverage drove leasing activity, and that future Grade A mall supply is expected to improve retail space availability. What is still unknown is the exact leasing amount and the timing of the new supply.
Why it matters
India’s retail leasing activity was concentrated in Delhi NCR, Hyderabad and Mumbai in Q3 2026, according to a publisher-supplied summary. Those three markets accounted for 61% of gross leasing volume, with fashion and food & beverage leading the activity. The report also points to future Grade A mall supply, which could improve space availability, but it does not give the volume or the delivery schedule.