00:00 Billionaire Mukesh Ambani, who is also the richest man in Asia, is now going to launch his biggest project in the country.
00:06 And this will be India's largest luxury mall, which will leave behind Select City Walk and DLF.
00:12 The name of this new mall will be Jio World Plaza.
00:15 And what are the details of it, what is special about it, which will make it the most expensive mall, let's know in this video.
00:21 Jio World Plaza is being built in the Posh Bandra Kurla Complex, i.e. BKC area of Mumbai.
00:27 Which is the urban developmental space of Reliance and Ambani family.
00:31 Here is the Jio World Drive and Center from the beginning.
00:34 You know that there is also an Apple Store in BKC, which was opened last year.
00:39 And now Mukesh Ambani is fully ready to make a splash in the 5 billion US dollar luxury retail industry in India through his mega mall Jio World Plaza.
00:49 Hundreds of international luxury stores will be included in it.
00:53 Some of them will bring their business to India for the first time.
00:56 The exact opening date has not been issued yet, but Jio World Plaza Luxury Mall can be started at the end of 2023 or at the beginning of 2024.
01:09 It is said that this mall is going to be India's most expensive mall.
01:13 The reason behind its being expensive is that there are going to be a lot of luxury brands here.
01:19 Which is going to make a good payment to Mukesh Ambani to open its store in that mall.
01:25 The first brand in this is Louis Vuitton, which is a luxury brand.
01:29 The owner of this brand is the richest man in the world, Bernard Arnault, who is going to open his store in Mukesh Ambani's mega mall.
01:38 And for this, he will also pay Mukesh Ambani a rent of 40 lakh per month.
01:43 That is, it was 4.8 crores annually.
01:48 And this is going to be the biggest store in India by LVMH so far.
01:53 For this, he has taken 4 shops on lease of 7,365 sq.ft.
01:58 Louis Vuitton's store is going to be on the ground floor of Jio World Plaza.
02:02 The deposit for this has been fixed at Rs. 1000 crores.
02:06 In this way, this will be the fourth outlet of Louis Vuitton in India.
02:10 There are already 3 stores in Mumbai, Bangalore and Delhi.
02:13 In addition, the luxury brand Dior has also taken up a space in this mall on rent and this brand will pay Mukesh Ambani a rent of 21 lakh per month.
02:23 And a security deposit of 1.39 crores.
02:26 However, Dior and Louis Vuitton are just the beginning.
02:29 The list of luxury brands in the Ambani mall is quite long.
02:33 In this mall, the products of every foreign brand will be available for the customer.
02:36 In this mall of Mukesh Ambani, there is a lot of fuss in the big foreign brands to get a store.
02:42 It is also being said that in this mall of Mukesh Ambani, Burberry, Gucci, Cartier,
02:48 Bugheri, IWC, Chefhausen and Rimowa are also planning to open their store.
02:55 So this mall is expected to start at the end of this year or at the beginning of next year.
03:02 And this is going to be the most expensive mall in India.
03:06 So that's all for this video.
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