India Retail Leasing Soars to Three-Year High in 2025 Driven by Mall, High Street Boom

• India's brick-and-mortar retail sector witnessed a 54% year-on-year increase in gross leasing volumes in 2025, reaching a three-year peak.
• Total gross retail leasing hit 12.5 million square feet, fueled by a strong domestic economy and consistent discretionary spending.
• Delhi NCR, Hyderabad, and Mumbai spearheaded the expansion, with 15 new shopping malls opening, increasing total mall stock to 92 million sq ft.
• High streets accounted for 48% of leasing activity, slightly ahead of shopping malls at 45%, indicating balanced demand.
• Fashion and apparel (34%) and Food & Beverage (20%) were the top contributors to leasing, with D2C brands aggressively expanding their offline presence.

Why It Matters: India's retail leasing reached a three-year high in 2025, driven by mall and high street expansion and strong consumer demand.