Grade A mall vacancy across the top 7 cities fell to 5% in H1 2026

Grade A mall vacancy across the top seven cities in India dropped to the lowest levels in five years. The Mumbai Metropolitan Region and Delhi-NCR recorded significant leasing activity, particularly in fashion and entertainment sectors. Kolkata had the lowest vacancy rate, indicating nearly full occupancy for Grade A malls. Tier-2 cities are increasingly expanding their retail landscapes, attracting organized brands and consumers.

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