In January–June 2025, retail space leasing in Delhi-NCR grew by 25% year-on-year, according to commercial real estate services and investment firm, CBRE, with total leasing rising to 5 lakh sq.ft. compared to 4 lakh sq.ft. in the same period last year. The surge was fueled by higher new supply—about 3 lakh sq.ft. of fresh mall space—along with stronger demand.
Fashion and apparel retailers were the leading occupiers, accounting for 35% of leased space, followed by homeware and departmental stores at 30%. Leasing activity was spread across high streets, investment-grade shopping centers, and standalone developments.
Experts attribute the growth to the sector’s resilience and shifting consumer preferences, which continue to strengthen the retail real estate market in the region.
During the first half of 2025, fresh supply of retail spaces in shopping malls stood at 3 lakh sq. ft., as compared to zero new supply in the same period the previous year. “Retail is no longer just about transactions, it is about creating vibrant destinations that connect communities, inspire engagement and elevate everyday life,” said Ankit Sharma, SVP-Leasing at Elan Group, while discussing the trend. The group is well-known for developing many retail real estate projects.
Gaurav Bansal, AVP and Head Leasing at Trehan Iris stated that the sector’s resilience and evolving consumer demand have led to the strong momentum in retail leasing and supply during H1. He further added that retailers are actively expanding their presence across prime and emerging markets with the help of rising footfalls, robust spending patterns and a choice for experience-led destinations.
Bharat Tex Special Report 2026 
