Luxury retail in India is booming, with international brands making aggressive inroads into the market. According to JLL India, 27 new foreign retail brands entered India in 2024, nearly double the number from 2023. The fashion and apparel segment led the expansion, accounting for nearly half of the total luxury retail space leased last year.

Why India?

Several factors are driving this trend:

✅ Rising urbanization – More people moving to cities, increasing demand for premium shopping experiences.

✅ Higher disposable income – Consumers are more willing to spend on luxury and branded products.

✅ Changing shopping preferences – A shift toward international brands, especially in fashion, beauty, and accessories.

Where Are These Brands Setting Up?

Delhi-NCR was the top choice for international brands, hosting over 50% of new entrants’ flagship stores, followed by Mumbai. In 2024 alone, high-end brands leased about 1,90,000 sq. ft. of space in luxury retail.

Key Segments Leading Growth

1️⃣ Fashion & Apparel – The biggest chunk of luxury retail expansion.

2️⃣ Beauty, Cosmetics & Wellness – Global brands tapping into India’s booming personal care market.

3️⃣ Footwear, Bags & Accessories – Premium and designer labels making their presence felt.

What’s Next?

With 60 international brands entering India over the past four years, the momentum isn’t slowing down. As more luxury retailers eye India, the demand for high-quality retail spaces will continue to surge.

India is now one of the fastest-growing luxury retail markets globally, making it a hot destination for international expansion.