Retail leasing trends in India show a decline to 1.95 million sq ft in Q1 2026. This analysis explores market supply constraints and shifting demand patterns.

Knight Frank India's Think India Think Retail 2025 report has identified 74 ghost malls comprising 15.5 million sq ft of vacant retail space, with 15 properties holding revival potential worth ₹357 crore in annual rental income across tier-1 and tier-2 cities.

India's retail sector recorded 2.24 million sq ft of leasing activity in Q2 2025 across major cities, with Hyderabad, Mumbai, and Delhi-NCR leading the charge despite seasonal challenges.

India’s top cities are witnessing a retail boom. Anarock forecasts over 16.6 million sq ft of mall supply by 2026, led by Hyderabad and Delhi-NCR.