Bangalore based UB group was the first to launch Luxury Retailing concept in India. It didn't take much time for North Indian realty major - DLF to announce its grandiose plans of Emporio. Now its turn for another two developers, Ansal Properties and Infrastructure and Parsvnath Developers to launch luxury malls in metro cities.These malls will house world class retail brands and will also have amphitheaters, opera shows, in-shop dining and roof-top helipads. Mr. Pradeep Jain, Chairman Parsvnath said,
We will shortly announce our plans for luxury malls in metro cities as their demand is huge. Moreover, luxury retailers are also keen to enter India through a tie-up. The timing is just right for luxury malls in India.Mr. Kunal of Ansal API said,
We do have luxury mall development on our agenda. With the burgeoning economy, it is quite clear that such niche malls do have a strong market in India. We have already announced a project in Greater Noida and eventually we will look at markets like Mumbai and Delhi.We all know that luxury Italian brands such as Fendi and Canali operated from 7-star hotels like Taj Mahal Mumbai, thus the need for luxury shopping a destination for super-rich in India.
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