India’s retail property market is gaining momentum, with Q1 leasing activity reaching about 3.1 million sq ft. Limited availability of new mall space is pushing retailers toward high streets and alternative formats, underscoring the sector’s resilience. Looking ahead, a large pipeline of retail developments is expected to expand organized retail and draw more investment.
India’s leading retail chains, including Reliance Retail and DMart, added 2,182 stores in FY26, the highest in three years. The expansion is linked to recovering demand, recent tax cuts, and a shift in preference toward organised retail—especially in smaller towns—suggesting momentum is building across the sector.
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