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Luxury brands rent 600,000 square feet of space in 2023; highest leasing in six years
Credit: IndiaTimes- Published on February 8, 2024
According to Bain & Co, India's luxury market is projected to reach $85-90 billion by 2030. This growth is driven by the increasing number of ultra-high-net-worth individuals, entrepreneurship, a robust middle class, e-commerce penetration, and demand from tier-2 and tier-3 cities.
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