Malls, high-streets in NCR clock 45 pc rise in leasing of retail spaces in Jan-Mar: C&W

The retail real estate sector is showing strong signs of recovery and growth, driven by stable demand as indicated by higher leasing in H1 2025 (Context [3]). This current report reinforces the positive momentum, particularly in key urban centers like NCR.

Maintain a bullish bias on real estate stocks with exposure to retail and commercial properties, looking for breakouts or consolidation near resistance levels, with strict stop-losses.

For Indian markets, this story mainly matters for PHOENIXLTD, RELIANCE, TRENT and the Real Estate, Retail pocket. The current signal is bullish, so traders should look for follow-through in price, volume, and sector breadth instead of reacting to the headline alone.

Watch whether the next market session confirms the setup described here: Leading mall developer and operator, stands to gain from higher demand for retail spaces, especially in shopping malls. Reliance Retail, a major player in the Indian retail sector, will benefit from increased availability and demand for retail spaces, supporting its expansion plans. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Retail space leasing in Delhi-NCR jumped 45% in Q1 of this year.
• •Nearly 6 lakh sq ft of space was leased.
• •Shopping malls accounted for 64% of the total leasing demand.
• •Delhi-NCR was the top city for retail leasing activity in India.
• •Risk flag: Potential oversupply in specific micro-markets if development outpaces demand.