India, May 15 -- Mumbai has recorded the highest retail rental growth of nearly 15-20% year-on-year across top malls, while Grade A malls in Delhi-NCR have reached near-full occupancy with vacancy levels dropping to around 0-2%, according to a report by ANAROCK and Images Group.

The report, titled Leasing Trends in Malls Across Top Metropolitan Cities in India, highlighted growing demand from international retailers, entertainment anchors and premium lifestyle brands amid limited availability of high-quality retail space.

According to the report, Delhi-NCR's Grade A+ malls have seen stronger rental appreciation of around 8-12% year-on-year compared to 6-8% growth in Grade A malls, reflecting higher footfalls, better tenant productivity ...