India Market Monitor Q1 2026 - Retail

During January-March (Q1) 2026, India’s real estate market continued to exhibit resilience, underpinned by steady economic activity and domestic demand. While geopolitical developments remained fluid, key sectors recorded stable performance across major cities.

The country’s retail real estate leasing reached approximately 1.9 million sq. ft. in the January-March quarter (Q1) of 2026, complemented by a supply addition of ~0.9 million sq. ft. following the launches of Felix Plaza and DLF Midtown Plaza in Delhi-NCR. Demand was heavily concentrated in Delhi-NCR, Chennai, and Bengaluru; these cities together accounted for over 75% of the total absorption during the quarter.

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