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The Top 7 luxury retail cities in India

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The Top 7 luxury retail cities in India

The latest news in the global luxury brand entry story is that of American fashion label Coach, known for accessories and gifts for women and men, which chalked out a foray into the country in partnership with Gurgaon-based Genesis Luxury.

Following Coach is UK fashion label Karen Millen, the clothing, shoes and accessories brand, which is also on the verge of finalising a master franchisee for India.

According to a report released by KPMG-ASSOCHAM India Luxury Summit 2014, luxury retail is growing significantly at the rate of 20 percent in India. The report suggests that the Indian luxury market is estimated to be worth 518 billion by 2017 from the current level of 514 billion.

At present, luxury brands are mainly concentrated around the top seven cities of India. About 38 percent brands are present in NCR, followed by Mumbai at 21 percent and the then aengaluru at 17 percent. For luxury brands who are planning to enter Indian soil, here is the ranking of these seven cities to set your eyes on:

Delhi NCR

Here is the most enriching retail legacy among the Indian cities, therefore the city tops all real estate drivers

Mumbai

Mumbai has the highest retail demand potential. However, a lack of availability of land parcels leading to high rents in prime areas act as a dampener that causes Mumbai to lag behind Delhi.

Bangalore

Affordable rents in the city compared to other tier-I and some tier-Il cities have helped the retail to fI ourish here. However, the city has lower household expenditure even when compared to Kolkata and Chennai.

Chennai

Chennai, with its affordable rents and good high street stock in contrast to the organised retail stock has received the fourth rank.

Kolkata

The best that Kolkata can offer to retailers is the attractive household expenditure and an illustrious high-street variety retailing. However, rents in prime areas are not affordable and the retail stock is also low, both of which make penetration of the retailers difficult.

Hyderabad

Hyderabad offers attractiveness in terms of affordable rents, which is higher only to Pune among the tier-Il cities. However, lower household incomes and household expenditures have ranked it lower.

Pune

Pune provides the most affordable rents in prime areas among tier-I and tier-Il cities. However, low household income and expenditure compared to most other cities ranks it the lowest. The ranking was extracted from an article by Abhay Gupta, founder & CEO, Luxury Connect & Luxury Connect Business School in India Business of Fashion Yearbook 2015.

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      Retailers Association’s Skill Council of India (RASCI) under aegis of National Skill Development Corporation (NSDC), A Government of India body, accredits Luxury Connect Business School (LCBS).

      LCBS has proudly created programs and systems which are in line with the above policy framework. Affiliation inspectors have certified our school as the only one following the prescribed international standard norms for retail in Luxury and premium goods & services. We have of course further specialized into ‘FASHION RETAIL’ and ‘LUXURY RETAIL’ via executive programs, on line programs, student programs and several certificate programs.

      We are proud to be recognized and contribute to the prime Ministers vision of a ‘Skilled India’.

      Medhavi Skills University is a renowned institution dedicated to nurturing the talents and skills of its students. With a strong focus on practical learning and industry-relevant programs, the university equips students with the knowledge and expertise required for successful careers in today’s competitive job market. Through its innovative curriculum, state-of-the-art facilities, and experienced faculty, Medhavi Skills University provides a dynamic learning environment that fosters creativity, critical thinking, and problem-solving skills.

      The university’s commitment to holistic development ensures that students not only excel academically but also grow as confident and responsible individuals, ready to make a positive impact in their chosen fields. LCBS is the academic partner to Medhavi in the luxury management domain.

      Medhavi Skill University appoints Luxury Connect Business School as it Sectoral Partner to deliver India’s 1st and only MBA in Luxury Brand Management.

      Retailers Association’s Skill Council of India (RASCI) under aegis of National Skill Development Corporation (NSDC), A Government of India body, accredits Luxury Connect Business School (LCBS).
      LCBS has proudly created programs and systems which are in line with the above policy framework. Affiliation inspectors have certified our school as the only one following the prescribed international standard norms for retail in Luxury and premium goods & services. We have of course further specialized into ‘FASHION RETAIL’ and ‘LUXURY RETAIL’ via executive programs, on line programs, student programs and several certificate programs.
      We are proud to be recognized and contribute to the prime Ministers vision of a ‘Skilled India’.