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% year-on-year (YoY) increase, according to new data from JLL. 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.

The July–September 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% share, underscoring how new mall completions and high-street vibrancy are shaping retailer expansion s

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