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Luxury brand Purple Style Labs leases prime Mumbai space, underscoring strong retail demand.
Luxury fashion brand Purple Style Labs has leased a large commercial space in Mumbai's Fort area, previously occupied by Zara, for five years.
Monthly rent starts at Rs 3 crore and increases to Rs 3.80 crore by the fifth year.
The company paid a security deposit of Rs 18 crore.
This lease highlights the continued demand for prime retail spaces in Mumbai's key business districts, despite international brands rethinking their physical store presence.
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La marca de lujo Purple Style Labs alquila el primer espacio de Mumbai, destacando una fuerte demanda al por menor.