Tag: Retail Expansion

Business

Malabar Gold & Diamonds to Enter Goa with State’s Largest Jewellery Showroom in Panjim

Tanisha Cardozo

Written by Tanisha Cardozo || Team Allycaral Business Desk

Malabar Gold & Diamonds, one of the world’s leading jewellery retailers, is set to enter Goa with the launch of its largest jewellery showroom in the state. Located in Panjim, the upcoming store will mark the brand’s first retail presence in Goa and a significant milestone in its regional expansion journey. The showroom will be inaugurated on December 20, 2025, by Bollywood star Anil Kapoor.

Spread across more than 6,000 square feet over a ground-plus-one-floor layout, the showroom has been designed to offer a refined and spacious shopping environment. It brings together Malabar’s extensive design portfolio under one roof, allowing customers to explore a wide range of jewellery with ease and comfort. The brand’s entry into Goa reflects its strategic focus on strengthening its presence in high-potential, lifestyle-driven markets where customers value choice, quality and transparent retail practices.

Goa presents a unique customer landscape shaped by long-established local families, evolving lifestyle preferences and steady year-round visitor traffic. Malabar’s first showroom in the state has been thoughtfully planned to cater to this diverse audience, offering jewellery for weddings, milestone celebrations, everyday wear and contemporary tastes. The store will feature an expansive selection of gold, diamond, platinum and gemstone jewellery, along with signature Malabar collections curated for bridal, festive and modern occasions.

Speaking ahead of the opening, M. P. Ahammed, Chairman of Malabar Group, said the decision to enter Goa had been made after careful observation of the market. He noted that Goa has a strong cultural relationship with jewellery, a distinct sense of personal style and customers who value trust and longevity in their purchases. Entering the state with the largest jewellery showroom allows Malabar to present the full breadth of what the brand represents, spanning design, craftsmanship and transparency, in a single destination.

With a growing presence across India and international markets, Malabar Gold & Diamonds continues to expand its footprint in key geographies. The upcoming Goa showroom will extend all Malabar Promises, including transparent pricing, fair making charges, lifetime maintenance, detailed product disclosure and quality assurance through BIS-hallmarked gold and certified diamonds, reinforcing the brand’s commitment to responsible and customer-centric jewellery retailing.

Business

Apple Launches Its First Noida Store at DLF Mall of India, Leasing 8,240 sq ft for ₹65 Crore

Tanisha Cardozo

Written by Tanisha Cardozo || Team Allycaral Business Desk

Apple is set to open its first retail store in Noida at DLF Mall of India, marking the company’s fifth store in India and its second in the Delhi-NCR region, following the Saket outlet. The new store spans 8,240.78 sq ft across six units on the mall’s ground floor and has been leased for an 11-year tenure at a total rent of approximately ₹65 crore. The lease agreement, signed with Paliwal Real Estate Limited on February 25, 2025, includes one year of rent-free occupancy and a 15% rent escalation every three years.

The monthly rent for the Noida store comes to around ₹45.3 lakh, translating to an annual outgo of roughly ₹5.4 crore, comparable to Apple’s Saket store. Experts note that the lease reflects Apple’s strong brand pull and the footfall it attracts. While smaller stores in DLF Mall of India command rents between ₹500–700 per sq ft, larger stores such as Apple’s enjoy comparatively lower rates due to negotiation leverage and size.

Noida offers a strategic location for Apple, with a catchment area covering Ghaziabad, Greater Noida, South Delhi, Agra, Mathura, and emerging demand hubs, underlining the city’s growing market potential. DLF Mall of India, the largest mall in Noida at nearly one million sq ft, provides a high-visibility, premium retail environment and is expected to see further development with IKEA’s planned opening in Sector 52 by 2030.

Apple’s retail expansion in India has been methodical, with stores in Mumbai’s Bandra Kurla Complex, Pune’s Koregaon Park, Bengaluru’s Phoenix Mall of Asia in Hebbal, and Delhi’s Saket. Most stores are around 8,000–9,000 sq ft, ensuring brand consistency across locations, with the exception of Mumbai BKC, which spans 20,000 sq ft.

Recent openings, such as in Bengaluru and Pune, have featured Apple’s peacock-inspired launch campaigns, symbolizing pride and creativity. The Noida store follows the same creative approach, enhancing Apple’s brand narrative and retail experience.

Rental trends in Noida show a significant rise, particularly in Grade A-plus malls, with rents climbing from ₹225 per sq ft in 2017 to ₹330 per sq ft in 2025, reflecting a 47% growth. Apple’s lease agreement in Noida exemplifies the premium retailers’ interest in the city’s expanding consumer market and its importance within the Delhi-NCR region.