Retail Space Demand Surges by 25% in Delhi-NCR in First Half of 2025
Real estate consultant CBRE data reveals a 25% increase in retail space leasing in Delhi-NCR during January-June 2025, driven by strong demand and new supply.
Retail SpaceDelhincrReal EstateCbreLeasingReal EstateSep 06, 2025
Real estate consultant CBRE data shows that the Delhi-NCR market saw leasing of 5 lakh sq ft retail spaces in January-June 2025, compared to 4 lakh sq ft in the same period last year. This growth indicates a robust recovery and increasing confidence in the retail sector.
The fashion and apparel segment was a major driver of demand in the first half of 2025, accounting for 35% of the total leasing across Delhi-NCR. Homeware and departmental stores also took up a significant portion, with 30% of the retail spaces. These figures highlight the diverse and growing consumer preferences in the region.
CBRE data pertains to leasing in investment-grade shopping malls, high streets, and standalone developments. This focus on premium locations underscores the strategic importance of these areas in attracting both retailers and consumers.
Fresh supply of retail spaces in shopping malls stood at 3 lakh sq ft during the first half of 2025, marking a significant improvement from zero new supply in the corresponding period of the previous year. This influx of new retail spaces is expected to further stimulate the market and attract more tenants.
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.' Gurugram-based Elan Group has developed many retail real estate projects, contributing to the vibrant retail landscape 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 positive trends in retail space demand and supply in Delhi-NCR are expected to continue, driven by a growing consumer base and increasing consumer spending. Retailers are increasingly focusing on creating engaging and interactive spaces to attract and retain customers.
Frequently Asked Questions
What is the percentage increase in retail space leasing in Delhi-NCR for the first half of 2025?
The retail space leasing in Delhi-NCR increased by 25% in the first half of 2025.
Which segment was the major driver of retail space demand in Delhi-NCR in the first half of 2025?
The fashion and apparel segment was the major driver of retail space demand, accounting for 35% of the total leasing.
How much new supply of retail spaces was added in the first half of 2025 in Delhi-NCR?
3 lakh sq ft of new retail spaces were added in the first half of 2025 in Delhi-NCR.
What does CBRE data cover in terms of retail space leasing?
CBRE data covers leasing in investment-grade shopping malls, high streets, and standalone developments.
What is the significance of creating vibrant retail destinations as mentioned by Ankit Sharma?
Creating vibrant retail destinations is significant because it connects communities, inspires engagement, and elevates everyday life, making retail more than just a transactional experience.
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