Real estate consultant Anarock reported that gross leasing of retail spaces in malls stood at about 4.1 million sq ft in the first half of the 2026 calendar year, a 24 per cent decline from the corresponding period of the preceding year.

Retail leasing demand in India's top cities significantly exceeds new Grade A mall supply. This persistent imbalance has driven vacancy rates to their lowest levels since 2010. …

Retail space supply in malls fell 57% in early 2024, highlighting a persistent mismatch between demand and new completions.