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JLL retail report

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India’s brick-and-mortar retail sector recorded a three-year high in 2025, with gross leasing volumes jumping 54% to 12.5 million sq. ft, led by Delhi NCR, Bengaluru, and Hyderabad, according to JLL.

India’s Retail Leasing Touches Three-Year High in 2025 with 54% Growth

India’s brick-and-mortar retail sector recorded a three-year high in 2025, with gross leasing volumes jumping 54% to 12.5 million sq. ft, led by Delhi NCR, Bengaluru, and Hyderabad, according to JLL.
Indian retail

India’s Retail Leasing Hits Record Growth, But Supply Gaps May Temper Momentum

Retail leasing in India surged 69% year-on-year in H1 2025 to 5.7 million sq. ft., with Bengaluru and Delhi NCR leading the charge. However, JLL warns that supply shortages could moderate leasing momentum unless new stock comes online swiftly.