Christian Dior leases prime retail space in Mumbai's BKC district

15 Sep 2023 CW Team

The Indian branch of the renowned French multinational luxury fashion house, Christian Dior SE, has secured a lease for approximately 3,320 square feet of retail space within Reliance Industries' Jio World Plaza, situated in Mumbai's bustling business hub, the Bandra-Kurla Complex (BKC). This lease spans a period of 9.5 years.

Notably, Christian Dior, a global brand with a strong presence in India, currently operates stores in key Indian metropolises such as Mumbai, Delhi, and Bengaluru.

Fascinatingly, the parent company of Christian Dior, Louis Vuitton, has also recently finalised a lease agreement at Jio World Plaza to establish its largest store in India.

The lease for this space has been secured through Christian Dior Trading India, a subsidiary of the company, at a monthly rent of Rs 21.56 lakh, equivalent to Rs 650 per square foot, based on either the minimum monthly guaranteed amount or a share of the net revenue, whichever is higher. These details have been revealed in documents obtained through FloorTap.com.

Christian Dior Trading India, as the licensee, will be subject to a lock-in period of 36 months, and the lease will remain in effect until May 2032.

The lease agreement incorporates a provision for rent escalation, with a 7.5% increase from the 19th month to the 42nd month, followed by a 15% increase every 36 months. Additionally, Christian Dior Trading India has submitted a security deposit exceeding Rs 13.9 million, which will also experience a 15% escalation every 36 months.

Numerous global luxury brands have set their sights on the burgeoning Indian market, either through collaborations or direct market entry, in order to capture a larger share of this promising landscape.

Given India's status as one of the world's fastest-growing economies, there is a strong anticipation of substantial growth in the number of millionaires in the coming years. This is expected to drive significant consumption of luxury goods and services within the country.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..