Thursday, June 28, 2007

Retail giants spot big scope in small-town mall projects

NEW DELHI: Real estate majors Unitech, Parsvnath and Omaxe are scouting for greenfield mall projects in smaller towns and cities for a faster roll out of their nation-wide retail footprint.

Unitech Limited has even set aside Rs 500 crore for a majority stake in a greenfield retail project or may even go in for a complete buy out in upcoming metro cities like Pune, Nagpur and Indore. Developers such as Parsvanath and Omaxe claim that there are several proposals on their table from local developers for such buy-outs.........Retail giants spot big scope in small-town mall projects-Retailing-Services-News By Industry-News-The Economic Times

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