Hyderabad Leads India's Jewellery Retail Leasing Market in 2025
Hyderabad tops jewellery retail leasing market in 2015 with 31% share: CBRE
Hindustan Times
Image: Hindustan Times
In 2025, Hyderabad significantly increased its share of India's jewellery retail leasing market to 31%, up from 15% in 2024, according to a CBRE report. This growth is attributed to rising consumer spending and the expansion of legacy brands. The report highlights a trend towards larger jewellery stores, with those over 8,000 sq ft accounting for nearly 50% of total leasing.
- 01Retail leasing by jewellery brands in Hyderabad doubled from 0.4 million sq ft in 2024 to 0.8 million sq ft in 2025.
- 02Chennai's share also grew from 16% to 27%, while Delhi-NCR's share fell sharply from 24% to 10%.
- 03Large-format jewellery stores are increasingly popular, with nearly 50% of leasing in 2025 attributed to stores over 8,000 sq ft.
- 04Developers are creating dedicated jewellery precincts within malls, enhancing security and customer engagement.
- 05Jewellery brands are adopting multi-format retail strategies, including flagship stores and boutique outlets.
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Hyderabad has emerged as a dominant player in India's jewellery retail leasing market, capturing 31% of the total market share in 2025, a significant rise from 15% in 2024. This growth is part of a broader trend where major cities like Chennai and Delhi-NCR also play crucial roles, although Delhi-NCR's share plummeted to 10%. The total absorption of retail leasing by jewellery brands in Hyderabad doubled to 0.8 million sq ft, reflecting a surge in consumer spending and the expansion of established jewellery brands. Notably, the report by CBRE indicates a strong preference for larger jewellery stores, with those exceeding 8,000 sq ft accounting for nearly 50% of total leasing activity, a sharp increase from just 14% in 2019. This shift towards large-format stores includes features like VIP bridal lounges and augmented-reality zones, enhancing customer engagement. The trend is also spreading to tier-II and tier-III cities, where lower operating costs and strong wedding demand are prompting brands to expand aggressively. Overall, the jewellery retail landscape is evolving, with a clear shift towards larger, experience-oriented retail formats.
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The rise in jewellery retail leasing in Hyderabad indicates a growing market, which could lead to increased employment opportunities in retail and related sectors.
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