Luxe Brands Expand, Lease More Space

The luxury retail market in India is experiencing robust growth, with luxury watch, jewelry, fashion, and apparel brands leasing 600,000 square feet in 2023, marking the highest in six years, according to CBRE data. The share of luxury brands in overall leasing rose to 9% in 2023 from 3% in 2018. The expansion is attributed to growing consumer aspiration for global brands, increased disposable income, and the growth of organized retail spaces in major cities. International brands such as La Vie en Rose, Rimowa, Bugatti Fashion, and Victoria's Secret have made significant expansions in the Indian market.
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