More malls to come up in Delhi than Gurugram and Noida over the next three years
Delhi is expected to account for more than half of the upcoming mall supply in the National Capital Region (NCR) between 2026 and 2028, according to Cushman & Wakefield. Delhi is expected to account for the largest share of upcoming mall supply in NCR, largely driven by the completion and operationalisation of a sizable retail development of nearly 3 million sq ft (Photo for representational purposes only) (Unsplash) The NCR is expected to add around 7.1 million sq ft of organised retail space during the period, of which Delhi alone will contribute about 3.7 million sq ft (52%), followed by Gurugram with 2.6 million sq ft (37%) and Noida with 0.8 million sq ft (11%), the consultant noted. “Delhi is expected to account for the largest share of upcoming retail supply in NCR, largely driven by the completion and operationalisation of a sizable retail development of nearly 3 million sq ft. Beyond the quantum of supply, the project is expected to further strengthen Delhi’s organised retail landscape and provide retailers with additional high-quality retail space …







