Summary:

In the first quarter of 2025, India's luxury retail industry experienced tremendous growth, with leasing activity increasing by 90% compared to the previous year. Luxury and bridge-to-luxury brands are rapidly expanding in key cities, leasing 1,80,000 square feet. Evolving customer demographics are driving companies to adjust their strategies and expand their reach. While legacy brands focus on metropolitan areas, emerging companies view India as a crucial market, with the nation expected to remain one of Asia-Pacific's top five luxury markets.

Several international luxury brands have entered the Indian market, including Qlocktwo, Jacadi Paris, Maje, Bershka, and Nespresso. This surge in demand is pushing up retail rentals, enabling landlords to increase prices in prime malls. The bridge-to-luxury market, particularly in cosmetics and accessories, is also expanding. With India's high-income households projected to triple by 2030, the luxury market is estimated to grow 3.5 times, reaching Rs. 8,500-9,000 crore.

Source: IBEF

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