Delhi-NCR Sees 25% Surge in Retail Space Leasing in H1 2025
According to CBRE data, the Delhi-NCR market witnessed a 25% increase in retail space leasing during January-June 2025, driven by strong demand and new supply.
DelhincrRetail SpacesLeasingCbreReal EstateReal Estate NewsSep 06, 2025
Fashion and apparel segment was a major driver of demand, accounting for 35% of the total leasing across Delhi-NCR. Homeware and departmental stores also played a significant role, taking up 30% of the retail spaces. CBRE's data pertains to leasing in investment-grade shopping malls, high streets, and standalone developments.
The fresh supply of retail spaces in shopping malls stood at 3 lakh sq ft during the first half of 2025, a notable improvement from the zero new supply in the corresponding period of the previous year. This increase in supply has helped to meet the growing demand for retail spaces in the region.
Commenting on the trend, Ankit Sharma, SVP-Leasing at Elan Group, said, 'Retail is no longer just about transactions; it is about creating vibrant destinations that connect communities, inspire engagement, and elevate everyday life.' The Gurugram-based Elan Group has developed several retail real estate projects in the region.
Gaurav Bansal, AVP and Head Leasing at Trehan Iris, added, 'The strong momentum in retail leasing and supply during H1 reflects the sector's resilience and evolving consumer demand. With rising footfalls, robust spending patterns, and a preference for experience-led destinations, retailers are actively expanding their presence across prime and emerging markets.'
The data from CBRE highlights the growing importance of retail spaces in Delhi-NCR, driven by consumer preferences for experiential shopping and the need for vibrant, community-focused destinations. This trend is expected to continue as more retailers look to expand their footprint in the region, driven by the increasing demand for high-quality retail spaces.
Frequently Asked Questions
What is the percentage increase in retail space leasing in Delhi-NCR in H1 2025?
The retail space leasing in Delhi-NCR increased by 25% in the first half of 2025 compared to the same period last year.
Which segment drove the most demand for retail spaces in H1 2025?
The fashion and apparel segment was the major driver of demand, accounting for 35% of the total leasing across Delhi-NCR.
How much new supply of retail spaces was added in H1 2025?
The fresh supply of retail spaces in shopping malls stood at 3 lakh sq ft during the first half of 2025.
What does Ankit Sharma from Elan Group say about the retail sector?
Ankit Sharma, SVP-Leasing at Elan Group, said that retail is no longer just about transactions; it is about creating vibrant destinations that connect communities, inspire engagement, and elevate everyday life.
What trend is observed in consumer demand for retail spaces?
The trend shows a preference for experience-led destinations with rising footfalls and robust spending patterns.
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