Mumbai welcomed the grandest luxury retail destination in the country on November 1st, 2023, as Reliance Industries opened the doors to its highly anticipated Jio World Plaza. Spread across a sprawling 750,000 square feet in the heart of Mumbai’s Bandra Kurla Complex, the new mega-mall aims to redefine lavish shopping experiences in India.
Upon entering the mall, visitors are greeted by polished marble floors, glittering chandeliers, and plush interiors reflecting a truly grand aesthetic. The three-story mall houses curated stores featuring the creme de la creme of global luxury brands and high-end labels.
The ground floor brings together an unrivaled collection of fashion houses. Shoppers can browse through flagship boutiques of brands like Gucci, Bottega Veneta, Jimmy Choo, Balenciaga, Burberry, Tory Burch, and Rimowa. This level also houses dedicated boutiques for watches, including Jaeger-LeCoultre, IWC Schaffhausen, Panerai, Rolex, Bvlgari, and Kapoor Watch Company which is opening soon!
Jio World Plaza houses dedicated boutiques for prominent luxury watch brands under one roof. When we asked Bharat Kapoor, Managing Director at Art Of Time about what kind of synergies he envisions emerging from having all the boutiques together in one luxury mall he said, “The Jio World Plaza features an impressive lineup of brands across four levels making it the first retail center of its kind in India. The city of Mumbai desperately needed such a destination, and BKC is perfectly located to become Mumbai’s luxury hub, surrounded by places like NMACC, a cultural animal of a kind, and Jio World Gardens. It is a mini-escape for shoppers in the heart of their city, at par with the global standards of luxury shopping.”
These exclusive boutiques will provide aficionados unparalleled access to high-end timepieces from some of the most prestigious Swiss and European brands under one roof. Whether it is limited edition models or the latest watch collections, the boutiques are any watch enthusiast’s dream come true. For the watch connoisseur, Jio World Plaza brings together a temple of horology hitherto unseen in India
French icon Cartier adds to its existing store in Delhi by launching its second boutique in India at Jio World Plaza. Christian Dior unveils its second flagship Mumbai store, occupying two units totaling 3,320 square feet. The inclusion of these luxury titan brands solidifies the mall’s reputation as a one-of-a-kind retail destination.
Industry experts have applauded Jio World Plaza as a game-changing addition to India’s luxury retail ecosystem. The country’s luxury market is expected to double from $30 billion to $60 billion by 2025. The opening of this extravagant mall provides a major boost to India’s global standing and aspirations in the segment.
With the opening of Jio World Plaza, Mumbai now has a major luxury retail destination alongside Delhi’s DLF Emporio. Will this expand India’s luxury consumer base by attracting new audiences, or simply shift spending from Delhi to Mumbai? Bharat said, “Delhi and Mumbai are inarguably the two key markets for luxury goods in India. While Delhi primarily caters to the North of India, Mumbai caters to the central and south of India. Geographically, there is a huge difference in consumer behavior, luxury shopping choices, and spending habits. There will most definitely be an expansion in India’s luxury consumer base, with increased accessibility and a luxury shopping experience at par with global standards.”
For affluent consumers and watch aficionados, Jio World Plaza is nothing short of a luxury paradise. The dazzling interiors coupled with unrivaled access to prestigious brands under one roof will revolutionize high-end shopping experiences in the country. It recognizes India’s growing appetite for luxury, as international labels increasingly tap Indian celebrities as brand representatives.
“The growing affluence of Indians with higher incomes has become a magnet for luxury brands, and Jio World Plaza is an example of global luxury brands diving deep into this market. In recent years, Indian clientele has become a major focus for global luxury brands as a whole, particularly the luxury watch industry, which has seen unprecedented growth. It’s only an uphill climb from here”, he further added.
The inauguration of Jio World Plaza marks a historic moment for India’s retail landscape. With its lavish decor, curated brand repertoire, and extravagant ambitions, Reliance may have succeeded in creating India’s ultimate temple of luxury. The milestone opening in Mumbai consolidates the city’s reputation as the luxury capital of India.