This surge is further underscored by an increase in leasing activity by luxury brands, which stood at 0.18 mn. sq. ft. in Q1 2025
Bengaluru: India’s luxury retail sector is experiencing a significant upswing, demonstrating 120% year-on-year growth in share during the first quarter of 2025 compared to the same period in 2024, as per a report by CBRE.
This surge is further underscored by an increase in leasing activity by luxury brands, which stood at 0.18 mn. sq. ft. in Q1 2025, a substantial rise from 0.095 mn. sq. ft. in Q1 2024.
Recent entrants include German high-end clockmaker Qlocktwo in Bengaluru, French childrenswear specialist Jacadi Paris in Mumbai, and French women’s ready-to-wear brand Maje, also in Mumbai.
The appetite for international brands extends beyond luxury, with Spanish fast-fashion retailer Bershka launching in Mumbai and Swiss premium consumer goods brand Nespresso opening its doors in Delhi. This influx of both luxury and premium international players signals a robust and evolving retail landscape in India.
Several domestic brands have strategically expanded their retail footprint across key metropolitan regions. Casual wear brand Bewakoof has increased its presence in Bengaluru, the National Capital Region (NCR), and Hyderabad. Similarly, BlueStone, a fine jewelry brand, has broadened its reach to include Bengaluru, Mumbai, and Hyderabad. GIVA, another jewelry brand, has focused on growth in Bengaluru and Kolkata.
Indriya, specialising in ethnic wear, has extended its retail network to Ahmedabad, the NCR, and Hyderabad. Lastly, Snitch, a menswear brand, has amplified its presence in the NCR, Bengaluru, Chennai, and Mumbai, indicating a strong trend of expansion for these Indian brands in diverse urban centers.
A wide spectrum of global brands entered India in 2024 across various segments, ranging from entertainment (Dave & Busters in Bengaluru), health and personal care (ILEM Japan in Chennai) to homeware and department stores (Daiso Japan in Chennai and Nitori in Mumbai).
Till date over 100 international brands entered and expanded in India between 2022- 2024. This expansion is supported by the addition of 8.5 million sq. ft of retail mall space becoming operational between 2022-2024, attracting a diverse range of international brands to the Indian market.
In Q1 2025, total retail leasing reached 1.5 million sq. ft., with new supply amounting to 2.2 million sq. ft. By the end of 2024, the total Grade A retail stock across the top seven cities in India was approximately 72 million sq. ft.
