Anarock Retail’s Retail Real Estate Monitor.has found that Grade A mall vacancy across India's top 7 cities has dropped to just 5% in H1 2026 — down from 7.5% at the end of 2025, and a massive 15.5% back in 2021. Retailers are snapping up space faster than it's being built, and the numbers tell a story of two very different retail markets emerging across the country. India's malls are fuller than they've been in 5 years