Thursday, August 31, 2006

Reliance Retail plans take shape

Business Standard reports that Reliance Retail has purchased about 40,000 sq ft of space at Star City Mall in New Delhi’s Mayur Vihar, which will become the anchor tenant for the mall, which is being developed by Mahatta Towers Pvt. Ltd. According to sources, the space will be used as a food and grocery supermarket.

Another location chosen by the company was in a mall developed by Omaxe Constructions in Greater Noida which has been leased and will be developed as a hypermarket format store. In Ahmedabad, the company has purchased 200,000 sq ft of space in the Iskon Mall, which will be developed as a hypermarket. The company has also purchased space in Jamnagar and Rajkot.

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