Summary:

India’s retail industry is quickly expanding, luring global merchants, especially luxury goods, to important sites. In the first half of 2024, retail leasing reached a five-year high, with 3.1 million square feet leased across eight cities. Maison Margiela and Time Vallée entered India, while Breitling and Michael Kors expanded into Chennai and Pune. Daiso Japan and ILEM Japan established outlets in Chennai, as did Charles Tyrwhitt and Franck Provost in Mumbai and Bengaluru.

India's retail sector is rapidly expanding, attracting global merchants, especially luxury brands, to build a national presence. Retail leasing hit a five-year high in the first half of 2024, with 3.1 million square feet leased in eight locations. International luxury companies like Maison Margiela and Time

Vallée joined the market, propelled by shifting lifestyles and global aspirations. Breitling and Michael Kors moved into Chennai and Pune, respectively, while Daiso Japan and ILEM Japan established stores in Chennai. Charles Tyrwhitt and Franck Provost opened their first boutiques in Mumbai and Bengaluru, indicating increased demand for premium items.

Source: IBEF

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