Reliance opens Jio World Plaza in Mumbai, seeks to redefine luxury
₹70,000 to ₹2 lakh. The manager of Muji India said, "This is our largest store in India, spanning an impressive 12,000 square feet, with a dedicated team of 30 executives serving our customers. Awareness is no longer an issue, as buyers are well-informed about their preferences and actively visiting our stores." Mitrajit Bhattacharya, a luxury connoisseur and founder and president, The Horologists, who was at the Plaza on 31 October for an invite-only preview, said, “It's a welcomed development for the luxury industry.
The growth of India's luxury market hinges on the establishment of luxury malls." Talking about how in China, the market saw substantial growth primarily due to the presence of such malls, with numerous real estate players investing in these ventures, he said the launch of Jio World Plaza marks the initial step towards establishing that kind of luxury ecosystem in India. “While Delhi boasts of DLF Emporio, if we're talking about creating a comprehensive luxury ecosystem, it starts here. The mall has been in the works for an extended period, and it houses a diverse array of brands.
It's a well-rounded mix, and even though some stores are yet to open, the range is impressive. The infrastructure is excellent, and the launch event was high-profile. Some brands have already sold high-priced products, and I believe the momentum will continue through Diwali.
As most of the stores open by December, we'll witness the full-fledged emergence of the luxury moment. Personally, I find Louis Vuitton to be the most outstanding store, offering a comprehensive range and an impressive selection. Bvlgari is also noteworthy for its scale and grandeur." He added that beyond real estate and amenities, it's essential to have a
. Read more on livemint.com
