The key to unlocking India's luxury market
1 month, 2 weeks ago

The key to unlocking India's luxury market

Live Mint  

The Indian luxury market, one of the world’s fastest growing, is a key target for both homegrown and international brands looking to increase their market share in the coming new year. “India has always been a value-driven market," says Edward Lalrempuia, a fashion stylist who works with some of the country’s leading fashion and beauty brands. Amit Aggarwal, one of India’s well known independent designers, agrees that luxury price increases have affected consumer behaviour, “making buyers more price-conscious despite the country’s growing luxury market. For 2025, the key to unlocking India’s growing luxury market lies in respecting the country’s deeply ingrained value-driven approach and interpreting its meaning in innovative ways.

Fashion Indian Price Value Need Brands Aggarwal Luxury Market Lalrempuia  luxury  market  indias  key  indian  aggarwal  price  unlocking  need  fashion  value  brands

History of this topic

India’s K-shaped story: Will the script change in 2025?
1 week, 3 days ago

India’s K-shaped story: Will the script change in 2025?

Live Mint  

Mumbai: What do the iPhone and Indian stocks have in common? As India’s real estate sector successfully finished its fourth year of a boom cycle, bouts of sales pickup and accelerated project launches have pushed up property prices across all seven major metros in recent years. Moreover, tepid affordable housing demand has prompted real estate developers to focus on the …

India’s real estate to remain gung ho on luxury, premium housing in 2025 as affordable takes a backseat
1 week, 5 days ago

India’s real estate to remain gung ho on luxury, premium housing in 2025 as affordable takes a backseat

Live Mint  

Come 2025, India’s real estate developers will double down on luxury and premium housing, leaving the affordable segment to catch up. “We are strategically leveraging the robust demand in the luxury real estate segment by curating projects that align with the evolving preferences of modern buyers," said Robin Mangla, president, M3M India. DLF Ltd, India’s largest listed real estate company, …

Yearender 2024: Luxury homes redefine wealth as real estate becomes ultimate status symbol
3 weeks, 3 days ago

Yearender 2024: Luxury homes redefine wealth as real estate becomes ultimate status symbol

India TV News  

The year 2024 marked a significant shift in India’s real estate market, with luxury homes emerging as the ultimate status symbol for the country’s wealthy. Record-breaking deals across cities This year witnessed record-breaking transactions in the luxury real estate market. Several factors are driving the affluent class towards luxury real estate: Wealth growth: The 2024 Hurun Rich List reported a …

India’s Affluent Buyers Fuel Luxury Housing Boom
1 month, 1 week ago

India’s Affluent Buyers Fuel Luxury Housing Boom

Live Mint  

Mumbai leads the Luxury Housing Surge with Rs. 114,529 crore sales in first half of FY 2024-25: Report Mumbai Leads Luxury Housing Surge Mumbai, December 02: The luxury housing market in India is witnessing a remarkable surge, driven by a growing preference for exclusivity, enhanced lifestyles, and premium living spaces. "The luxury housing market in India is evolving beyond just …

Luxury sales soar as affluent Indians splurge
1 month, 1 week ago

Luxury sales soar as affluent Indians splurge

Live Mint  

Affluent Indians are spending more on high-end luxury, driving sales of the world’s top labels despite slowing consumption in the country and a slump in China, one of the biggest markets for fashion giants. The three companies generated sales equivalent to nearly two-thirds of entire India business of the Swiss watch industry, which sold timepieces worth ₹2,074.8 crore between January …

India's Domestic Tourism: A Journey Through Diverse Landscapes and Cultural Treasures
2 months, 2 weeks ago

India's Domestic Tourism: A Journey Through Diverse Landscapes and Cultural Treasures

News 18  

India's domestic tourism sector is experiencing a renaissance, driven by a collective yearning to explore the country's diverse landscapes, cultural richness, and tranquil destinations. As the travel appetite of Indian tourists shifts from traditional hotspots to more secluded, meaningful, and immersive journeys, the country's hospitality industry is embracing this transformation with tailored offerings and services. Properties are seizing the opportunities …

India's Luxury Real Estate Market 2024 Trends
3 months, 3 weeks ago

India's Luxury Real Estate Market 2024 Trends

The Hindu  

India’s Luxury real estate market is seeing steady demand because more and more people are finding it affordable due to economic prosperity. Desire for Larger Spaces Pushing Luxury Real Estate Market: Market trends indicate that there is a greater need for bigger living areas with top-notch facilities situated in a premium location than ever before. Luxury Real Estate Market: How …

‘India will double its luxury car sales by 2030’
4 months ago

‘India will double its luxury car sales by 2030’

The Hindu  

India will sell more than 1,00,000 luxury cars a year by 2030, up from 48,500 sold last year, said Balbir Singh Dhillon, Head, Audi India. ‘‘Luxury segment in the Southeast Asian market, even in reasonably developing countries, not obviously the size of India, account for 5-6% of the total car market and in some countries, including Taiwan, it goes up …

India’s luxury housing sales rise; what is driving premium real estate demand?
4 months, 1 week ago

India’s luxury housing sales rise; what is driving premium real estate demand?

Live Mint  

Housing sales in India hit an 11-year high of 1.73 lakh units between January and June, according to a report by global real estate consultants Knight Frank. The luxury housing segment contributed around 41 per cent of the real estate sector's sales growth from January to June. Delhi-NCR sold around 3,300 luxury homes in the first half of 2024, a …

Luxury sales are flattening amid a self-inflicted creativity crisis and price hikes, study finds
6 months, 3 weeks ago

Luxury sales are flattening amid a self-inflicted creativity crisis and price hikes, study finds

Associated Press  

MILAN — The post-pandemic surge in global sales of luxury handbags, shoes and apparel is set to stall this year amid a creativity crisis and price hikes as brands shift focus to the biggest spending customers, a new study by the Bain consultancy said Tuesday. The consultancy cited political uncertainty during a presidential election year in the United States as …

Study finds global luxury sales flattening amid self-inflicted creativity crisis and price hikes
6 months, 3 weeks ago

Study finds global luxury sales flattening amid self-inflicted creativity crisis and price hikes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

India’s rich list: Gargantuan numbers reveal the real story
9 months ago

India’s rich list: Gargantuan numbers reveal the real story

Hindustan Times  

The latest Forbes list has indicated that the number of Indian billionaires is rising and the numbers have been astonishing. Yet another set of numbers have gone and underlined the fast rising rich list in India. The rising class of rich Indians According to the report, the number of high net worth individuals in the country, whose assets have been …

’Innovation and a localised approach is helping Indian brands go global’
9 months, 1 week ago

’Innovation and a localised approach is helping Indian brands go global’

Live Mint  

Indian brands are wooing global consumers by leveraging innovative strategies and localised approaches to venture into new markets, was the consensus among a group of top industry leaders at a panel discussion in the Mint India Investment Summit 2024. At a panel discussion titled 'Rise of domestic MNC brands', the C-suite leaders shared deep insights into the burgeoning success of …

Luxury homes priced above ₹50 crore and above witness a 1.5X y-o-y increase; Mumbai dominates demand
9 months, 2 weeks ago

Luxury homes priced above ₹50 crore and above witness a 1.5X y-o-y increase; Mumbai dominates demand

Hindustan Times  

Luxury homes priced ₹50 crore and above have seen a surge in sales value from ₹2,859 crore in 2022 to ₹4,319 crore in 2023, an increase by almost 1.5X. Luxury homes priced ₹ 50 crore and above have seen a surge in sales value from ₹ 2,859 crore in 2022 to ₹ 4,319 crore in 2023, an increase by almost …

Luxury brands lease 0.6 mn sq ft of retail space in 2023; High Streets emerge as the top leasing choice
9 months, 4 weeks ago

Luxury brands lease 0.6 mn sq ft of retail space in 2023; High Streets emerge as the top leasing choice

Hindustan Times  

Retail stores across high streets remained the top choice for luxury brands in India’s top eight cities in 2023. Also, the highest concentration of the luxury retail sector is in the Delhi-NCR region, which currently boasts nearly 80% of international luxury brands, according to a joint report by CBRE South Asia Pvt. While high streets constituted a 45% share in …

Real estate trends: Why are rich Indians buying luxury properties before the close of the financial year?
10 months, 2 weeks ago

Real estate trends: Why are rich Indians buying luxury properties before the close of the financial year?

Hindustan Times  

There’s a surge in the number of luxury property deals getting registered across the country just before the financial year comes to an end. The ticket size of these properties range from ₹ 10 crore to more than ₹ 100 crore One of the reasons could be that several investors who have made gains in the financial markets may be …

What keeps India glowing?
10 months, 2 weeks ago

What keeps India glowing?

Live Mint  

It started as a joke. The melding of wellness and beauty will only become more pronounced in the years ahead, in line with an expected CAGR of 10% to 2027 for the wellness industry.” While there’s no official India-specific research on the changing buyer perception, a quick glance at the latest offerings by established as well as emerging brands reflect …

Indian Millennials Drive Luxury Car Surge Globally, Says Lamborghini CEO
10 months, 2 weeks ago

Indian Millennials Drive Luxury Car Surge Globally, Says Lamborghini CEO

News 18  

Indians have been setting the pace in the world of luxury purchases, and the trend extends to high-end sports cars like Lamborghinis. Despite relatively low sales in the country, with 103 Lamborghinis sold in 2023 compared to 10,000 worldwide, Winkelmann sees massive potential in the Indian market. Interestingly, Winkelmann highlighted a unique trend among Indian buyers who are not only …

Young India’s luxury dream
11 months, 3 weeks ago

Young India’s luxury dream

Live Mint  

For the Singh family from Amritsar, Punjab, visiting the DLF Emporio mall in Delhi is like a mini vacation. In a December Mint interview, Bénédicte Epinay, chief executive of Comité Colbert, the French official luxury association representing about 95 of the world’s top luxury brands, said that the launch of new luxury malls—Mumbai’s Jio World Plaza and the Phoenix Mall …

Mumbai's Luxury Property Market Soars To Unprecedented Heights
11 months, 4 weeks ago

Mumbai's Luxury Property Market Soars To Unprecedented Heights

News 18  

The Indian real estate sector has undergone a significant transformation in recent years, with a spotlight on the flourishing luxury housing segment. Among the major cities, Mumbai has emerged as one of India’s fastest-growing luxury real estate markets. In the first half of 2023, Mumbai’s luxury property market showcased a robust surge in sales, boasting an impressive growth rate of …

Luxury hotels target Indian outbound travellers
1 year, 2 months ago

Luxury hotels target Indian outbound travellers

Live Mint  

New Delhi: India’s outbound travel market is set to grow in the coming years, with an increasing focus on high-spending segments, making it a high-priority market for global hoteliers. A firm representing luxury and high-end hotels globally considers Indian outbound travellers among its top target segment. Lindsey Ueberroth, chief executive officer of Preferred Hotels and Resorts, who was recently in …

‘Shift to luxury cars will gain pace as EV market matures’
1 year, 5 months ago

‘Shift to luxury cars will gain pace as EV market matures’

Live Mint  

New Delhi: A fast-maturing electric vehicle market in India will prove to be a tipping point for faster penetration of luxury vehicles, as the EV mass market price points shift from ₹10 lakh- ₹20 lakh to ₹30 lakh- ₹35 lakh, making the transition from mass market to luxury vehicle “more gradual" and “easier", said Santosh Iyer, managing director and chief …

Luxury segment housing sales rise in top seven cities of India: Survey
1 year, 5 months ago

Luxury segment housing sales rise in top seven cities of India: Survey

The Hindu  

CBRE South Asia Treal estate consulting firm announced the findings of the January-June ’23 residential sector survey data highlighting trends in the top seven cities in India. A similar trend prevailed during the April-June ’23 quarter in the luxury housing segment across the top cities registering a 121% Y-o-Y increase in sales. It saw sales of 3,100 luxury housing units …

Demand for luxury homes in Bengaluru falls by half in Apr-Jun: CBRE report
1 year, 5 months ago

Demand for luxury homes in Bengaluru falls by half in Apr-Jun: CBRE report

Hindustan Times  

The demand for luxury housing in India rose in the April to June period, according to a report. 3,100 luxury housing units - priced at ₹ 4 crore and above - were sold in the quarter, compared to 1,400 in the year-ago period. Pune's luxury home sales inched up from nil last year to 150 units this year in April …

The lust for luxury brands
1 year, 6 months ago

The lust for luxury brands

Deccan Chronicle  

This lust for expensive goods is a global phenomenon; has affected India too. Suryajit Singh, scion of the erstwhile royal family of Kapurthala and Managing Partner at JMC, a global luxury brand management consultancy that provides commercial growth strategies to brands across industries, names two reasons for the increased spending on luxury goods. Further, trends show that Gen-Z shop more …

Courting luxury
1 year, 6 months ago

Courting luxury

The Hindu  

India’s luxury housing segment has undergone several significant transformations in recent years. Within the luxury housing space, we have seen the following design trends: Conserving resources Discerning buyers look not just at extravagantly designed residences but also at features that add to a holistic living experience, keeping sustainability and personal welfare at the centre. India Sotheby’s International Realty’s Luxury Outlook …

Why Global Brands Are Obsessed With Desi Celebs
1 year, 7 months ago

Why Global Brands Are Obsessed With Desi Celebs

Deccan Chronicle  

It’s raining endorsements for Indian actresses as global luxury brands are busy cherry-picking popular Bollywood beauties to represent their latest fashion offerings across the world. So whichever designer they choose to promote from their home countries will automatically see a rise in a global audience, which can help build and transform their businesses.” BRIDGING THE GAP Luxury brands have astutely …

Why quiet luxury in India is not quiet
1 year, 7 months ago

Why quiet luxury in India is not quiet

The Hindu  

May 19, 2023 01:02 pm | Updated 02:01 pm IST Sarojini Naidu famously quipped that it cost a lot of money to keep Mahatma Gandhi in poverty, so she would no doubt view with amusement fashion’s current obsession with quiet luxury dressing. In an Instagram post, digital content creator Bryan Yambao contends that this “quiet luxury” notion that people with …

Upper Crust: Why India is becoming the new darling of luxury brands across the globe
1 year, 7 months ago

Upper Crust: Why India is becoming the new darling of luxury brands across the globe

Firstpost  

India has arrived, making its presence felt everywhere. This piece of news comes after American make-up giant Estee Lauder announced former Miss India Manushi Chillar as its global brand ambassador. It’s a sign that global luxury brands are increasingly eyeing India as the next big market. We take a deep dive into the world of luxury brands and why an …

India has always had an understanding of luxury, says Montblanc CEO
1 year, 8 months ago

India has always had an understanding of luxury, says Montblanc CEO

Live Mint  

For most legacy luxury brands, the challenge is to be accessible, especially to younger buyers and new customers. It is a challenge that Germany-headquartered Montblanc, the makers of fine writing instruments, travel accessories and watches, is rising to by rolling out pieces with an accent on colour and functional design. It’s about how much you interact, about why people should …

Housing Sector: A Real Estate Segment With Strong Signs Of Resilience, Growth
1 year, 8 months ago

Housing Sector: A Real Estate Segment With Strong Signs Of Resilience, Growth

News 18  

In recent times, economies across the globe have experienced post-pandemic disruptions, escalating geopolitical situations, and high inflation. This period was The residential real estate market in India made astounding progress in 2022, setting new sales records of 68 per cent YoY, further demonstrating the industry’s prominence as one of India’s fastest-growing sectors. The luxury real estate market will be a …

Dior makes a strong statement at the Gateway of India
1 year, 9 months ago

Dior makes a strong statement at the Gateway of India

The Hindu  

Among the country’s fashion cognoscenti, the pressure began building mid-March when the announcement was made: that the French luxury house Dior would be presenting its latest Fall 2023 collection at the iconic Gateway of India in Mumbai. ‘Are you at Dior?’ soon became a question on loop, as clients, fashion writers, influencers and the social set began making plans for …

BMW bullish on expanding Indian luxury market
1 year, 11 months ago

BMW bullish on expanding Indian luxury market

Deccan Chronicle  

BMW, India's second largest German luxury car maker, is targeting strong double digit growth this year, including its electric cars, for which it has lined up over 16 new car launches this calendar year in Asia's third biggest economy. Despite challenges of global headwinds like recession, supply chain disruption amidst Russia-Ukraine war, the resilient Indian economy would continue to boost …

India is 3rd biggest auto market now. What do the numbers reveal?
1 year, 11 months ago

India is 3rd biggest auto market now. What do the numbers reveal?

Live Mint  

The automobile sector, which was bogged down for months by the semiconductor shortage last year, is slowly coming out of the woods with easing supply-chain constraints. With vehicle sales topping 4.5 million in 2022, India became the world’s third-largest automotive market, beating Japan, Nikkei Asia reported earlier this month. Budget may put India's missing middle in Ayushman Bharat UPI for …

Mercedes-Benz India to focus on top end of luxury car market, eyes double-digit growth in 2023
2 years ago

Mercedes-Benz India to focus on top end of luxury car market, eyes double-digit growth in 2023

The Hindu  

Mercedes-Benz India, having retained its leadership position in the country’s luxury car segment for the eighth consecutive year, said it would now focus on the top end of the luxury car market in 2023 to solidify its position. Mercedes-Benz India on Friday introduced Mercedes-AMG E 53 4MATIC+ Cabriolet, the first Cabriolet in an AMG Avatar in India, saying the new …

Predictions for 2023: AI, VR boom in hospitality, wellness and gaming, and Balenciaga in India
2 years ago

Predictions for 2023: AI, VR boom in hospitality, wellness and gaming, and Balenciaga in India

The Hindu  

#food Technical, yet intimate In 2019, trend forecasters predicted more family dining, fermented foods and soufflé pancakes, not a raging pandemic. #fashion Hyper-personalised luxury Transparency, traceability and sustainability will be the dominant trends for the luxury fashion industry in 2023, while it explores untapped avenues of growth and continues to confront global macroeconomic concerns. A recently-released McKinsey report expects global …

Where is India’s ‘it’ shoe brand?
2 years, 2 months ago

Where is India’s ‘it’ shoe brand?

Live Mint  

Shoes are such a struggle, complains celebrity stylist Ayesha Amin Nigam. “Indian shoe creators don’t even get the V of the pointed-shoe correct,” she says. “Convincing people initially is tough but when you offer a good quality shoe, it’s easier to gain customers.” Laksheeta Govil, founder of the shoewear brand Fizzy Goblet. You can’t even think of wearing heels.” Having …

Why today’s beauty shoppers are butterfly consumers
2 years, 5 months ago

Why today’s beauty shoppers are butterfly consumers

Live Mint  

Over the past few years, India has become a darling of luxury beauty brands. After the entry of the likes of Charlotte Tilbury and Pat McGrath in the recent months, L’Oréal India has brought Lancôme to the beauty arena to cater to the Indian consumer. “The beauty industry here is undergoing a transformation, especially after the pandemic, in terms of …

Younger clientele driving luxury car sales in India
2 years, 7 months ago

Younger clientele driving luxury car sales in India

The Hindu  

Luxury automobile makers like Lamborghini, Mercedes Benz, and BMW, are all seeing strong demand for their models in the premium end, despite the COVID-related disruptions, largely due to a shift in customer profile to younger, first-generation entrepreneurs, who believe in the ‘you only live once’ philosophy. Varun Kalyanasundaram, a 33-year-old director at Chennai-based Polimer Media, bought his first luxury car …

Real estate: Benefits of investing in luxury properties now
2 years, 8 months ago

Real estate: Benefits of investing in luxury properties now

Live Mint  

Real estate has long been considered a relatively safe investment. If invested after a thorough analysis of the local real estate market, luxury properties are bound to prove an excellent investment instrument. As the real estate sector is looking at a full-scale revival, the luxury property market is also presenting awesome opportunities for investment in 2022. While the economy is …

The changing dynamic of luxury housing in India
2 years, 10 months ago

The changing dynamic of luxury housing in India

The Hindu  

The pandemic was a silver lining for residential real estate. The fact that people are considering a good investment opportunity as a strong reason for buying luxury real estate points to a bullish outlook on luxury home prices. The rise of the work-from-home phenomenon among UHNIs, led to a strong demand for high-end properties that may serve as catch-all compounds, …

Indian fashion is getting a corporate makeover
2 years, 11 months ago

Indian fashion is getting a corporate makeover

Live Mint  

The past two years have seen a paradigm shift in corporate India’s approach to home-grown designer brands. India fashion has been ready for the next phase for some time.” For designers, this phase holds out the promise not just of a safety net but an opportunity to scale up, look beyond occasion wear—the bridal market, the bread and butter of …

Value e-commerce in India to touch $40 billion by 2030: Report
3 years, 4 months ago

Value e-commerce in India to touch $40 billion by 2030: Report

The Hindu  

The value e-commerce market in India is expected to touch $40 billion by 2030, up from $4 billion in 2019, driven by a rapid increase in internet user base and as more people embrace online shopping, a report by Kearney said. He added that while only 4% of this demand is today served by online channels, this will rise to …

When will global luxury brands stand up for India?
3 years, 7 months ago

When will global luxury brands stand up for India?

Live Mint  

When singer-songwriter H.E.R walked down the red carpet at last month’s Oscars ceremony, fashion critics across the world were impressed. “One can make out how essential India’s role is by looking at the dresses at this year’s Oscars; you did not see many pieces with embroidery.” H.E.R’s dress was an exception. Dundas isn’t sure why Indian artisans’ work is not …

Luxury projects make cautious comeback amid slump in realty
5 years, 1 month ago

Luxury projects make cautious comeback amid slump in realty

Live Mint  

Luxury projects are slowly making a return as developers compete for a niche segment of wealthy homebuyers, even as affordable and mid-segment housing dominate the property market. Bengaluru-based Prestige Group is set to develop a luxury residential project in Pali Hill, Bandra, one of the most expensive locations outside south and central Mumbai, said a person familiar with the plans. …

The more digital we go, the more analogue we need: Montblanc’s India president
5 years, 9 months ago

The more digital we go, the more analogue we need: Montblanc’s India president

Live Mint  

Montblanc is expanding its presence in India and wants to reach out to tier II and III cities. In Bengaluru to formally launch its latest boutique at the Conrad Bengaluru and unveil a new, limited-edition collection from the luxury maison’s Great Characters series, 35-year-old Franck Juhel, president, Middle East, India and Africa, spoke to Lounge from the hotel’s penthouse suite. …

Reverse Pitch | It’s easier than ever for new companies to establish consumer brands: Akshay Mittal
5 years, 11 months ago

Reverse Pitch | It’s easier than ever for new companies to establish consumer brands: Akshay Mittal

Live Mint  

First Coffee Ventures focuses on high-growth ideas in the consumer brand space, serving large markets at the initial-traction stage. Now, with per-capita income at an inflection point, the changing habits and needs of millennials, and the emergence of a strong pro-brands ecosystem, India is on the verge of rewriting the consumption story. With over 100% growth in modern-trade stores in …

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