Taj Mahal Palace & Tower

Hyderabad over the next five years and LV was involved in all of these. LV was involved in the UB City collection, a luxury retail project scheduled to roll out in mid-2008 in the city of Bangalore. UB city was to have 5 medium-rise and 5 high-rise towers, housing brands like Gucci, Apels, and Zegna but, LV questioned whether the luxury mall concept would work in India, and if would work as well as…

2. INTRODUCTION India's luxury market is expanding and is is expected to cross the $10 billion-mark by 2014 boosted by a new class of wealthy termed as the 'closet customers' who have joined the traditionally rich contributing to higher luxury sales, as per ET report. According to the CII-IMRB report, as a result of the economic slowdown in 2013 has impacted the luxury market to a certain extent but by mid-2014 the market is expected to revive and continue its growth trajectory and grow at…