http://indiarealestatemonitor.com PropertyWala.com Microsite Fri, 24 May 2013 12:55:34 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 http://indiarealestatemonitor.com/property-investment/vishal-retail-to-enter-real-estate-sector/ http://indiarealestatemonitor.com/property-investment/vishal-retail-to-enter-real-estate-sector/#comments Fri, 14 Mar 2008 06:37:06 +0000 http://indiarealestatemonitor.com/property-events/vishal-retail-to-enter-real-estate-sector/ Vishal Retail is planning to enter real estate sector. Confirming this development Manmohan Aggarwal, CEO, Corporate Affairs, Vishal Retail told Business Standard that the new venture would be launched either in the second half of the current year or early next year.
He revealed that company is also planning to acquire 1 crore sq ft area in next three years which would partly be used for expanding the retail businesses and rest for real estate purposes.
The project is in formulation stage and would take time before it is launched. Meanwhile, Vishal Retail today also announced opening of its 92nd retail store at Pinjore today.
The company aims to open 100 stores in the FY07-08 with new stores in Chandigarh, Mohali and Manimajra.
Having achieved a growth of 100 per cent in the current financial year, Bajaj said that Vishal Retail was looking forward to acquire 25 lakh sq ft area by December 2008 to expand its retail chains. The Vishal Retail at present has 20 lakh sq ft areas in which it operates its different retail operations. The retail operations are spread in 62 cities across India. At present it has 90 hypermarkets and 3 Fashion Marts.

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