News: Hyderabad’s Jewellery Leasing Share Doubles: CBRE-15-05-2026
Hyderabad became one of India’s largest jewellery retail markets in 2025, with its share of jewellery leasing rising from 15% in 2024 to 31%, according to a CBRE report.
Together with Chennai, Delhi-NCR, Bengaluru and Mumbai, the city accounted for over 90% of the country’s jewellery leasing volume. Space absorbed by jewellery brands doubled from 0.4 million sq. ft in 2024 to 0.8 million sq ft in 2025.
Chennai’s share rose from 16% to 27%, reflecting demand for larger-format stores and premium space. Delhi-NCR’s share dropped sharply from 24% to 10% and Bengaluru’s eased from 18% to 14%. Mumbai improved from 6% to 10%.
The report, All that Glitters: Jewellery Brands Recast India’s Retail Footprint, attributed growth to rising consumer spending, expansion by legacy brands and demand for organised retail space in premium malls and high streets. Tier-I cities still dominate volumes and revenues, it said, but tier-II and tier-III cities are emerging as highly profitable. Lower rents and operating costs, higher average transaction values and wedding-led demand are drawing national and regional brands to smaller cities.
Leading brands are moving from traditional 1,500-2,500 sq ft stores to large-format "experience centres" with private bridal lounges, augmented-reality try-on zones, gallery spaces for high-value collections and consultation rooms. New entrants and regional jewellers in tier-II and tier-III cities are also leasing spaces exceeding 8,000 sq ft, matching national flagship stores.
Anshuman Magazine, chairman and CEO, India, South-East Asia, Middle East and Africa at CBRE, said larger stores reflect a structural shift in how brands engage consumers and how mall developers curate tenants.
Developers are creating dedicated jewellery precincts in malls with reinforced vaults, advanced security and specialised lighting. Brands are combining flagship stores with boutique mall outlets, shop-in-shop formats and transit-oriented locations, and direct-to-consumer jewellery brands are expanding offline.
