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prada new bags high heels, boots and stilettos, the outlet stocks the Girl' collection for younger girls, Big Buddha bags and accessories, and the Betsey Johnson line of handbags.L Capital, which is a PE private equity firm created in 2001 with sponsorships from LVMH Group and Groupe Arnault, is betting on the Indian luxury space by setting up an enterprise in partnership with domestic designers. The PE firm is to rope in designers Rohit Bal and Sabyasachi Mukherjee along with specialist multi designer retailer Evoluzione for the new venture.Premium fashionwear designer Tarun Tahiliani opened a boutique in Hyderabad Banjara Hills. Tahiliani now has five flagship standalone boutiques two each in Delhi and Mumbai, and one in Hyderabad.The list goes on. Though the Indian economy needs the kick start of high earners lavish spending, there is no dearth of affluent consumers who are far from making changes in their lifestyle due to worries about inflation or the sliding economy.HIGH STREET OFFERINGSIn Mumbai alone, the first half of 2012 witnessed the launch of several high street stores and luxe malls. Linking Road in Bandra in suburban Mumbai witnessed the opening of stores such as Guess, Hush Puppies and The Hab, while Colaba Causeway and Waterfield Road in South Mumbai had retailers such as Pavers England and US Polo Association USPA setting up shop.USPA Properties is a wholly owned subsidiary of United States Polo Association. The brand has been in the country for over two years and has been expanding. In 2010, USPA brand's wholesale sales totalled $7.12 million in India and $475 million worldwide.In Mumbai, Palladium Annexe, part of the existing Palladium Mall at Lower Parel in Central Mumbai, commenced operations with Gucci, Bottega Veneta, Jimmy Choo, Tumi, Ermenegildo Zegna and Tag Heuer opening stores. Incidentally, this is the first time Ermenegildo Zegna has stepped out of the confines of a five star hotel.Not to be outdone, international automobile majors such as Mini Cooper, Lamborghini and Volkswagen opened independent showrooms. Mini Cooper opened its flagship showroom at Santacruz W while Lamborghini and Volkswagen took space at Prabhadevi and Hughes Road