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Creating a brand focused on Womwn formal wear. As there are not much branding doing it and who are doing it are making it very pricy. About the Market size , it's small right now but by 2030 there will 70% women out of all who will be working. So

Market is very unorganised but if you can do it at a good price... it'll be really good imo

Yes! Thats the whole problem with understanding the tier 1 or tier 2 city but I feel the market is increasing with time

There are few options if you focus on metro cities then it is quit tough but if you try it in cities like normal cities then may be it can help you