Inside Mukesh Ambani’s Jio World Plaza, charges Rs 4000000 monthly rent for international brands, it is located in…
GH News January 03, 2025 08:06 PM
Jio World Plaza located within the Jio World Centre in Mumbai’s Bandra-Kurla Complex (BKC) is redefining luxury shopping in India. Owned by Mukesh Ambani chairman of Reliance Industries this premium retail destination is a testament to India’s new destination for high-end brands. Home to renowned international labels such as Louis Vuitton Dior and Balenciaga the malls exorbitant rents underscore its status as the epicenter of exclusivity and opulence.
Mukesh Ambani’s Latest Masterpiece
Unveiled in 2023 Jio World Plaza represents Ambani’s broader vision for creating a hub catering to India’s affluent elite. Positioned as the country’s premier luxury shopping destination the mall hosts world-class brands across fashion jewelry watches and accessories. With its strategic location and unmatched offerings it has become a symbol of aspirational living for India’s wealthy.
Sky-High Rents For Prime Retail Space
Jio World Plaza’s premium status is reflected in the hefty rents its tenants pay for prime spaces:
Louis Vuitton: The French luxury giant occupies four units spanning 7365 square feet and pays a monthly rent of Rs 40.5 lakh. This store the largest for Louis Vuitton in India marks the brand’s fourth outlet in the country showcasing its most exclusive collections.
Dior: The celebrated French fashion house has secured two units covering 3317 square feet. Dior pays a monthly rent of Rs 21.56 lakh further emphasizing its commitment to the Indian market.
Balenciaga: As one of the most sought-after global luxury brands Balenciaga’s first store in India opened at Jio World Plaza cementing its foothold in the country. The brand pays an estimated Rs 40 lakh per month in rent.
Best In Global Luxury
Jio World Plaza’s offerings extend beyond Louis Vuitton Dior and Balenciaga. The mall boasts an impressive lineup of high-end brands including Gucci Cartier Burberry Bulgari IWC Schaffhausen and Rimowa. Each brand brings its unique appeal to cater to the tastes of India’s affluent clientele.
Revenue Sharing Model
In addition to paying significant rents luxury brands at Jio World Plaza also enter revenue-sharing agreements with Reliance Industries. Typically these agreements require brands to share 4% to 12% of their monthly net revenue. This ensures a mutually beneficial arrangement allowing both Reliance and the brands to capitalize on the mall’s success.
Jio World Plaza
Far more than a shopping destination Jio World Plaza is a reflection of Mukesh Ambani’s ambition and India’s growing influence in the global luxury market. The high rents and revenue-sharing models signal the mall’s exclusivity while its roster of iconic brands positions it as a landmark in luxury retail.
Its world-class facilities and strategic vision make it not only a retail hub but also a beacon of modern Indian opulence.