HyperCITY in expansion mode

The Hindu Business Line reports that HyperCITY, the hypermarket chain of the K Raheja Group is embarking on a major expansion spree, investing close to Rs. 3 billion to open 20 HyperCITY outlets by early 2009. Currently, there is only one outlet in the country, which is located in Mumbai, although the company is planning to open outlets in Lucknow and Aurangabad besides metro cities.