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Mumbai mall rents climb 20 percent as NCR malls hit near-full occupancy: ANAROCK report
Updated On: 13 May, 2026 02:24 PM IST | Mumbai | mid-day online correspondent
Mumbai mall rents have jumped 20 per cent year-on-year while Delhi-NCR’s premium malls are almost fully occupied. ANAROCK report highlights massive growth and Rs 25-30 billion investment opportunity in Indian retail real estate
The report highlights strong developer confidence, projecting over 45 million sq ft of new retail supply across India’s top seven cities between 2026 and 2031. Representational pic
India’s premium retail real estate market is witnessing an unprecedented supply crunch, with Grade A and A+ malls in Delhi-National Capital Region (NCR) achieving near-full occupancy and Mumbai recording the sharpest rental growth in the country, according to a new report by ANAROCK Group and Images Group.
The report titled ‘Leasing Trends in Malls Across Top Metropolitan Cities in India’, released on Wednesday at the Phygital Retail Convention in Mumbai, reveals that vacancy rates in key Grade A/A+ malls in Delhi-NCR have plummeted to an ultra-low 0–2 per cent, effectively translating into full occupancy in prime assets.
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