India’s Retail Leasing Soars 65% YoY in Q3 2025, Hits 3.2 Million Sq Ft

India’s retail real estate market posted a sharp 65% YoY surge in gross leasing in Q3 2025, led by Delhi NCR and Hyderabad. With 8.9 million sq ft already leased in the first nine months, the sector has surpassed 2024’s full-year totals and is on track for a record-breaking 2025.

Retail Real Estate Booms in India: 169% YoY Growth in Q1 2025 Leasing Activity

India’s retail sector had a record-breaking start to 2025, with leasing activity soaring 169% year-on-year in Q1. Bengaluru and Hyderabad led the surge, accounting for 60% of leasing volumes. Fashion and domestic retailers dominated the space, while five new malls added 2 million sq. ft. of fresh supply—outpacing all of 2024. With 7 million sq. ft. more mall space expected in the coming quarters, retail real estate is on track for a landmark year.