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« Sobha Developers joins the Real Estate Party | Home | Godrej gears up for real estate with Integrated Development Strategy »

Bharti Plans Entry into Real Estate

Bharati is all set to make a mark in the Real Estate sector. The company is having discussions with a lot of real estate companies for obtaining and leasing land for their proposed retail outlets in North India.

Attending a Ficci summit on retail, Mr Rajan Bharati Mittal, MD, Bharati Enterprises said that the company is in talks with Unitech, MGF, DLF and Parsvnath, and is looking at buying and leasing land for retail outlets. He also said that the decision to buy or lease land for the outlets will depend on their needs.

Bharati plans to roll out its retail outlets by the first quarter of financial year 2008-09, and is also likely to operationalise its cash-and-carry tie up with global retail giant Wal-Mart by the third quarter of the same fiscal.

News Published Under:   Real Estate India | No Comments »

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