27 New International Retail Brands Emerge in India in 2024, Responding to Rising Luxury Demand
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
This influx is a clear indication of the growing consumer demand for luxury items in India.
Real estate consultant JLL India highlighted this significant trend in the retail sector.
Frequently Asked Questions
How many new international retail brands entered India in 2024?
27 new international retail brands entered India in 2024.
What is the main reason for the influx of international brands into India?
The main reason is the growing consumer demand for luxury items in India.
Which regions are the majority of these new international brands from?
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.
Which cities are the preferred locations for the inaugural stores of these international brands?
Delhi-NCR is the preferred location for over half of these international retailers, followed by Mumbai.
How much retail space did luxury brands lease in 2024?
Luxury brands leased about 1,90,000 square feet of space in 2024.
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