Leading retailer Pantaloon Retail India (PRIL) has earmarked Rs 900 crore expenditure over the next three years on 9 million square feet of retail space, which it has already booked across India for expansion. Future Group firm is looking to insulate itself from a possible space crunch situation in the likelihood of multinational firms expanding their footprint into the Indian retail sector once FDI in multi-brand is allowed. Supply of fresh quality real estate space within large Indian metropolises is increasingly becoming scarcer. The demand for this space is also expected to increase significantly in the near future as more retail companies vie for this space.
Envisaging the future scenario, the company went ahead with an aggressive strategy of securing quality real estate for its future expansion plans and has booked over 9 million square feet of retail space. The company has set aside Rs 800-900 crore for the purpose. At a time when the world is facing economic uncertainties and markets are down, real estate projects in India are likely to get delayed. Almost 60% of the total retail space that has been identified and booked by PRIL will be used to set up Big Bazaar stores. The company not only plans to expand its reach across formats in existing cities, but is also eyeing an entry into other cities in the country.crackcrack
| Company Name | CMP |
|---|---|
| Avenue Supermarts | 3613.70 |
| Aditya Birla Fashion | 288.50 |
| Trent | 6652.45 |
| Electronics Mart Ind | 165.95 |
| Future Retail | 2.41 |
| View more.. | |
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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