| | DECEMBER 20258As Delhi-NCR braces for its next wave of retail growth, it's becoming clear that neighbourhoods, not just marquee streets or sprawling malls, will define the future of shopping. Retailers are waking up to the fact that proximity to daily life, combined with rising disposable incomes and improved connectivity, creates a deeper, more sustainable engagement with consumers. In 2026, understanding these local rhythms will be the key to unlocking meaningful growth.According to new data from JLL, India's retail real estate market continued to strengthen in Q3 2025, with gross leasing across the top seven cities rising to 3.2 million sq. ft., a robust 65 percent year-over-year (YoY) increase. The July­September quarter marked a critical phase for India's retail sector, with developers delivering new, investment-grade space in previously supply-constrained markets.Delhi NCR and Hyderabad led national leasing activity with a combined 57 percent share, underscoring how new mall completions and high-street vibrancy are shaping retailer expansion strategies. The surge reflects the combined impact of supply infusions in key markets, sustained momentum from domestic retailers, and broad-based expansion across categories, including apparel, food and beverage, daily needs, and luxury.One of the defining trends of Q3 2025 was the overwhelming presence of domestic retailers, who accounted for 81 percent of gross leasing during the quarter. The report further states that the indigenous NCR Neighbourhoods Are Poised for a Retail Breakout in 2026?
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