Zara Flagship Shuts in South Mumbai, Purple Style Labs Takes Over at Record Rent

Luxury fashion retailer Purple Style Labs has secured a massive 60,000 square feet of retail space in Mumbai’s historic Ismail Building, following Zara’s departure from the 118-year-old heritage structure at Flora Fountain in South Mumbai. The high-profile real estate deal, confirmed by property registration documents obtained by Propstack.com, involves an annual rent of ₹36 cror