Real Estate Pune
Zara Closes Iconic Mumbai Flagship Store: A Landmark Exit from Fort Area
Spanish fashion giant Zara has officially closed its iconic five-storey flagship store in Mumbai’s historic Fort area, marking the end of an eight-year presence. The closure is attributed to high operational costs, including a monthly rent of Rs 3 crore.
real estate news
Soaring Real Estate Prices Force Zara to Close Flagship Mumbai Store
Global fashion giant Zara has shut down its flagship store in Mumbai's Hutatma Chowk due to unsustainable high rental costs, highlighting the growing challenge of India's overpriced real estate market.
Real Estate Mumbai
Zara Shuts Down South Mumbai Store Due to Exorbitant ₹3 Crore Monthly Rent
Spanish fashion giant Zara has closed its iconic SoBo store in South Mumbai after eight years, citing the exorbitant ₹3 crore monthly rent as a significant factor. The decision has sparked debate on the high real estate prices in Mumbai.
Real Estate Mumbai
Zara's Exorbitant ₹3 Crore Monthly Rent in 119-Year-Old Mumbai Building Causes Stir
Zara's decision to lease a historic 119-year-old building in Mumbai for a staggering ₹3 crore per month has sparked discussions on social media. The fashion giant signed a 21-year lease in 2016, which included a five-month rent-free period.
Real Estate Mumbai
Zara Closes Iconic Mumbai Flagship Store at Hutatma Chowk
Spanish fashion giant Zara has announced the closure of its flagship store in Mumbai, situated at the bustling Hutatma Chowk. The decision comes amid changes in the retail landscape and real estate dynamics in the city.