Louis Vuitton Pays ₹40 Lakh Monthly Rent to Mukesh Ambani for Flagship Store at Jio World Plaza

New Delhi | 18 April 2025 — Luxury fashion brand Louis Vuitton is paying a staggering ₹40.5 lakh per month in rent for its store at Mukesh Ambani’s Jio World Plaza in Mumbai. This store is now Louis Vuitton’s largest retail outlet in India and is located in the upscale Bandra-Kurla Complex (BKC).

The high-profile retail deal puts the French luxury group in one of India’s most premium commercial hubs, spread across 7,365 square feet. At approximately ₹550 per square foot, the rent is on par with what tenants pay at other top-end Mumbai malls like Maker Maxity. The store is part of the larger Jio World Centre, a 18.5-acre commercial development by Reliance Industries.

This arrangement means Louis Vuitton’s global owner, Bernard Arnault—currently ranked the world’s fifth richest man according to Forbes—pays rent to Mukesh Ambani, who owns the Jio World Centre through Reliance. Arnault’s current net worth is estimated at $145.6 billion, while Ambani stands at $92.5 billion. Despite Arnault’s significantly larger wealth, it is Ambani who holds the landlord title in this premium deal.

Other luxury labels have also secured retail space at Jio World Plaza. Christian Dior has leased two adjoining units totaling 3,317 square feet, for which it pays around ₹21.56 lakh per month. Balenciaga, which debuted in India at this venue, reportedly pays ₹40 lakh monthly rent as well.

The Jio World Plaza houses flagship stores of Louis Vuitton, Gucci, Dior, Cartier, Bally, and Giorgio Armani. Global names like Valentino, Bulgari, Tiffany & Co., Versace, and Saint Laurent have also entered the Indian retail scene through this landmark destination.

Jio World Centre has quickly emerged as the new nucleus of luxury commerce in India, strategically positioned at the crossroads of Mumbai’s island city and its suburban stretches. With Reliance expanding its footprint in luxury retail, these lease agreements represent a growing intersection of global fashion and Indian business real estate.

While Mukesh Ambani ranks 18th on Forbes’ 2025 World’s Billionaires List, he continues to be a key figure in reshaping India’s consumer and real estate landscapes. The premium rents being paid by international brands like Louis Vuitton underline the ambition and exclusivity of his ventures.

This development also reflects the increasing demand for luxury retail experiences in India—a market that global players are clearly investing in more aggressive.

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