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

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

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.

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.

Next Story
Technology

Atlas Copco Unveils Innovation Centre in Pune for Smart Manufacturing

Atlas Copco Tools has inaugurated its first Smart Factory Innovation Centre in India, a cutting-edge facility in Pune designed to showcase advanced technologies powering Smart Integrated Assembly ecosystems. The centre will serve as a hub for businesses across automotive, aerospace, electronics, heavy machinery, and manufacturing sectors to explore automation and smart manufacturing solutions for zero-defect production.The Innovation Centre offers hands-on demonstrations of the latest torquing and dispensing technologies, highlighting software-driven solutions that optimize efficiency, enhance..

Next Story
Resources

Elite Elevators Unveils India’s First Fully Customizable Home Elevator

Elite Elevators, a leader in the premium home lift segment, has launched Elite Elevators Bespoke—India’s first fully customizable luxury home elevator. The launch event, held at the company’s Chennai headquarters, showcased how the new offering redefines residential mobility by integrating state-of-the-art technology with personalized design.Speaking on the launch, Vimal Babu, Founder and CEO, Elite Elevators, said, “At Elite Elevators, our mission has always been to revolutionize home mobility with world-class innovations. Through its enhanced customizable features, our Bespoke elevat..

Next Story
Real Estate

Under-Construction Homes Now Costlier Than Ready-to-Move Properties

Under-construction (UC) homes are now more expensive than ready-to-move (RTM) properties across major Indian metros, according to the latest insights from Magicbricks.In Delhi, UC homes are priced at Rs 25,921 per sq. ft., surpassing RTM properties at Rs 18,698 per sq. ft. Similarly, in Gurugram, UC homes cost Rs 17,185 per sq. ft., compared to Rs 14,617 per sq. ft. for RTM properties.Mumbai, India’s costliest real estate market, has also seen a sharp rise, with UC home prices soaring 33.4 per cent Y-o-Y in Q1 2025 to Rs 32,371 per sq. ft., while RTM properties stand at Rs 28,935 per sq. ft...

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?