Real estate consultant JLL India reported that 27 new international retail brands entered India in 2024, doubling the number from 2023. This surge is driven by the growing demand for luxury items among Indian consumers.
International RetailLuxury BrandsIndian MarketRetail Real EstateConsumer DemandReal EstateFeb 05, 2025
27 new international retail brands entered India in 2024.
The main reason is the growing consumer demand for luxury items in India.
56 per cent of these new international brands originate from the EMEA (Europe, the Middle East, and Africa) region, with notable inroads from French and Italian retailers.
Delhi-NCR is the preferred location for over half of these international retailers, followed by Mumbai.
Luxury brands leased about 1,90,000 square feet of space in 2024.
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