New Delhi, India, November 17, 2007 - Premium French Lifestyle brand, Lacoste, announced the launch of its latest Flagship Boutique at South Extension Part II, Delhi. With the launch of its flagship boutique the French Lifestyle brand aims to redefine the retail landscape in India. The store has been designed by Christophe Pillet and is spread over 7000 sq ft. The company has invested $1 million in this boutique.
Pune, India, October 25, 2007 - Pune Central, the seamless mall, opens its second Central mall in Pune at University Road. This is the first time that Central has launched two malls in a city and is indicative of the resounding success that it has been, in the city of Pune. Pune Central’s second mall in the city is also in response to the tremendous demand from Puneites from north-western part of Pune, which has emerged as an IT Hub.
Chandigarh, India, September 04, 2007 - Rei Agro Ltd has announced that the Company has launched its retail chain called "6Ten" here in the state of Punjab and Haryana. The Company has started its operations in the state with the simultaneous opening of five stores in Chandigarh, Mohali & Punchkula on September 04, 2007.
Mumbai, India, July 20, 2007 - Future Group today announced that it’s flagship company Pantaloon Retail (I) Ltd. has signed a 50:50 joint venture agreement with the UAE based, Axiom Telecom LLC, the largest authorized distributor, retailer and after sales support provider of mobile phones, phone accessories, wireless gadgets, memory & storage devices in the Middle East. The new company will focus on developing backend sourcing infrastructure for the Pantaloon Retail’s existing telecom retailing business, to enable it to expand and scale up, exponentially. Additionally, it will also create a nationwide network of state-of-the-art after sales service centers for mobile handsets in the country.
Mumbai, India, June 13, 2007 - Ansal Housing & Construction Ltd has announced that the Director, Town & Country Planning, Haryana, Chandigarh has issued licence for development of 98 acre of Residential Project of the Company at Sector - 36, Karnal (Haryana).
Mumbai, India, June 11, 2007 - Ansal Housing & Construction Ltd has announced that the Director, Town & Country Planning, Chandigarh, Haryana has issued licence for development of approx. 100 acre of Residential Project of the Company at Sector - 19, Rewari (Haryana).
Mumbai, India, June 07, 2007 - Ansal Properties & Infrastructure Ltd has announced that the Company has launched an Integrated Township at Agra, (U.P.), strategically located near the Delhi - Agra Highway, on the Ring Road, Agra. The Township will be spread in excess of 460 acres of land and is named as "Sushant Taj City".
Bangalore, India, May 30, 2007 - Sobha Developers Ltd has announced that the Company has commissioned a state-of-the-art Spring Mattresses factory at Bommasandra, Bangalore. It plans to sell the mattresses in the retail market under the brand name, "SOBHA RESTOPLUS". The production facility on a 2 shift basis would be 200 mattresses a day.
Mumbai, India, March 28, 2007 - The Haryana Urban Development Authority (HUDA) has earned an amount of Rs. 71.20 crore through the auction of its ten sites on 27th march 2007.
New Delhi, India, March 18, 2007 - The Delhi Development Authority (DDA) is inviting tenders for purchase of 500 shops and offices in different areas of the capital. The closing date for receiving offers is March 30, 2007.
Ludhiana, India, March 18, 2007 - Ludhiana, known for its hosiery and sports goods industries, is the most populated city of Punjab. Excellent connectivity with major cities and a favourable business environment has made the city a preferred investment destination of the state. Though Ludhiana has witnessed considerable real estate growth in the past few years, most of the developments have been unplanned and have resulted in extending the city boundaries according to leading global property consultancy firm Knight Frank.
Chandigarh, India, March 18, 2007 - Chandigarh is the first planned city of India and is the capital of the two states of Punjab and Haryana. According to leading global property consultancy firm Knight Frank, the Chandigarh real estate market has witnessed unprecedented growth over the last few quarters.
New Delhi, India, March 07, 2007 - Parsvnath Developers Ltd on March 02, 2007 has announced that the Company would develop a state-of-the-art Multimedia-cum film city centre at Sarangpur, Chandigarh. The project valued at approximately Rs 800 crore, has been awarded to the company after a highly competitive bidding by some of the prominent developers of the Country.
New Delhi, India, March 07, 2007 - Parsvnath Developers Ltd has announced that the Company has won the mandate to build a world-class mall at Rohini in North West Delhi.
New Delhi, India, March 07, 2007 - Parsvnath Developers Ltd on March 07, 2007 has announced the acquisition of the stake of its joint venture partner in Parsvnath Landmark Developers Pvt. Ltd (PLDPL).
New Delhi, India, February 23, 2007 - Parsvnath Developers Ltd has announced that on February 23, 2007 has conducted the earth breaking ceremony (bhoomi poojan) of its five star hotel and commercial mall project in Vejalpur in Ahmedabad. The Rs 250 crore project will be a land mark complex in the city. The complex is expected to be completed and operational in two and half years.
New Delhi, January 17, 2007 - The Delhi Development Authority has auctioned eight commercial plots in Vikaspuri, Dwarka and Rohini for Rs.986 crore. At a price of around Rs.20,000 per sq.ft, this would rank amongst the most expensive commercial land deals in the country. The buyer - Reliance Industries and subsidiary companies - is likely to use this for its Reliance Retail venture.
Hyderabad , January 11, 2007 - Fun Multiplex, a division of the Essel Group plans to invest over Rs.250 crore to set up 50 multiplexes across Andhra Pradesh with more than 200 cinema screens. The company has started the process for buying or leasing land as well as identifiying builders for the project and retailers who would like to lease mall space.
The company is also working on similar projects in Gujarat and Rajasthan.
Bangalore, November 21, 2006 : New research issued by global real estate adviser DTZ has revealed that India is becoming one of the world's key emerging real estate markets.
Hyderabad, November 15, 2006 - If India's much anticipated retail revolution has a start date, it could well be the first week of November 2006. On November 3, in a classic RIL move marked by scale and ambition, Reliance Retail launched 11 Reliance Fresh retail outlets simultaneously in the southern Indian city of Hyderabad, firing the first salvo in what will be a keenly contested battle to win a huge prize - nothing less than the wallets of Indian consumers!
Mumbai, September 30, 2006: The Wadias of Bombay Dyeing are to develop the 35-acre Spring Mills site in Dadar Naigaum into a residential and retail complex. The site is amongst the largest mill sites available in Mumbai city that is available for redevelopment after a supreme court ruling to this effect earlier in the year.
Chennai, September 28, 2006: Spencer's is fast emerging as a key retail brand in the country. The 80-store supermarket chain, part of the RPG group, is comprised of 7 hypermarkets each occupying more than 35,000 sq.ft, 3 supermarkets up to 15,000 sq.ft, and 70 Daily stores between 4,000 to 7,000 sq.ft where consumers can purchase fresh produce, frozen products, bakery products, groceries and other daily requirements.
Spencer's Retail plans to open Spencer's Dailies in Pune, Hyderabad, Trichy and Bangalore. According to the company, in October it will open one new store every two days.
Mumbai, September 23, 2006: Real estate developer Niranjan Hiranandani is to develop the space below the 1.5-km Andheri flyover in Mumbai. On the cards is a 90,000 sq.ft. commercial development comprising retail showrooms and office spaces. The ground plus one structure beneath the flyover can accommodate a 500 unit car-park.
The commercial space is to be designed by renowned architect Hafeez Contractor.
Ahmedabad, September 22, 2006 : India’s largest discount major has formally entered the Gujarat retail market with its plans to set up 80 stores in the state. Under the expansion plan the Chennai based company will open 80 stores in Gujarat in six months at a cost of Rs. 40 crore.
Hyderabad, September 15, 2006: ITC has opened it's first farm-fresh produce store "Choupal Fresh" in Hyderabad. The 2,500 sq.ft store will provide fresh fruit and vegetables on a wholesale and retail basis.
The Vijayawada Municipal Corporation has proposed a multiplex on two acres of land near the Vidyadharapuram bypass road.
The project is aimed as a retail, hospitality and entertainment center to be executed on a public-private partnership basis. The corporation hopes to get 25% funding from the Centre for the Rs.40 crore project.
The Kalani Group is to set up a shopping mall & multiplex on 3.5 lakh sq.ft. of land in Vadodara as part of it's overall retail development plans. The retail development is coming up near the Sayaji Rao University at a cost of Rs. 58 crore.
The Prestige Group, a Bangalore based real estate developer, is to develop over 7 malls at an investment of Rs. 300 crore each. Buoyed by the success of its Forum mall in Bangalore, the company plans to invest over Rs.2,500 crore for mall development in South India alone.
Company plans to open chain of retail stores in other metros in India
Classic Diamonds India Ltd has announced the soft launch of the company's Retail Store in Delhi, after receiving a overwhelming response for its store, the Gold Souk, in Gurgaon. It is opening its next retail store in Ludhiana soon and is also evaluating the launch of further retail stores across metros in India. With this initiative, the Company aims to cater to the needs of consumers of diamond studded jewellery, primarily focusing in the north of India.
Prime Property Development Corp has purchased real estate in Mumbai and Pune that it hopes to develop commercially.
The Mumbai property on SV Road, Goregaon, can be developed into 35,000 sq.ft. of retail space, while the Pune property in Pimpri-Chinchwad can be developed into a retail and hospitality destination covering more than 400,000 sq.ft. of space.
Retailing icon Marks & Spencer has a new address - Avani Heights, next to Exide House in Kolkata. The 30,000 sq.ft. store on three levels will be the 10th Marks & Spencer outlet in the country.
Marks & Spencer operates in India through its franchise partner Planet Sports.
The Kolkata market has seen investment by many UK companies including HSBC, Newby Teas and Vesuvius India.
Retailing in India continues to be a booming industry. The Indian retail sector has seen strong interest from global players as well as Indian companies particularly since the government opened the doors for FDI in single-brand retail in Feb this year. According to this year’s Global Retail Development Index by A.T. Kearney, India is positioned globally as the leading destination for retail investment.
The US-based Simon Property Group is close to finalising a joint venture in India according to David Simon, its CEO, who made his remarks in a conference call with analysts. Simon Property is the largest owner of malls and outlet centers in the USA.
The Rs. 800 crore House of Pearl Fashions group is evaluating entry into the retail market with a plan to establish 300-400 retail stores in the next five years at a cost of Rs. 400-500 crore. The stores are expected to be a minimum of 3,000 sq ft.
The Peevees Group is to set up a new mall - The Summit - in Kochi at a cost of Rs 175 crore. Located on MG Road, the mall will house all major retail brands, a Gold Souk, cineplex and multiple dining and entertainment facilities. The mall will be a 420,000 sq ft development. An exclusive business hotel is also planned over 80,000 sq ft between the 6th and 12th floors.
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Archies Ltd, the greeting cards company plans to expand its retain network from 73 stores to 200 stores within two years according to news reports. This will entail an investment of almost Rs. 50 crore.The company already has over 400 franchisees in India but is seeking to expand its own company owned stores in 18 cities.
The booming retail sector in India is expected to grow at 7 per cent to 280 billion dollars by 2010-11 from the present 200 billion dollars, a report by Assocham said. The report on the future of the retail industry in India estimates the size of organized retail to grow from the current $6 billion to $17 billion in the next 4-5 years.
The retail boom is likely to have a significant impact on the commercial real estate sector as the large metros will have sizeable retail construction projects underway. The development of shopping malls in cities like Mumbai, Delhi, Chennai, Kolkata, Bangalore and Kanpur would be based on build, operate, lease and sell basis, which would lead to a close link between real estate developers, state governments, financial institutions and retail industry, the report said.
Aerens Goldsouk International is to develop The company plans to develop 100 gold supermarkets in 100 cities across the country in the next 8-9 years. Land for 15 souks would be acquired by end of 2006 according to Gaurav Gupta, vice chairman and managing director of the company. This expansion would make the company a leader in development of specialised malls particularly focused on the jewellery industry.
The company had earlier launched Gold Souk, a jewellery mall in Gurgaon, New Delhi. Spread over 180,000 sq. ft. the Souk provides retail space to leading jewellers and also a complete shopping experience for consumers. After Gurgaon, new Souks are set to open in Kochi, Amritsar and Chennai in 2007.