Overview
- India recorded 3.2 million sq ft of retail leasing in Q3 2025, up 65% year on year and 22% quarter on quarter, across the seven largest cities.
- Cumulative gross leasing reached 8.9 million sq ft in January–September, roughly 110% of 2024’s full‑year total.
- Delhi‑NCR accounted for 35% of Q3 leasing on the back of two new malls, while Hyderabad captured 12% with strong high‑street expansion.
- Shopping malls took a 53% share of Q3 activity and high streets 41%, underscoring robust demand for both formats.
- Fashion led sectoral take‑up at 35%, followed by food and beverage at 16% and grocery at 11%, as domestic brands leased 2.6 million sq ft, D2C players expanded store footprints, and luxury leasing in Jan–Sep rose 19% to 0.2 million sq ft.