Jan 03, 2007, 08.40 PM | Source: CNBC-TV18
After Reliance Retail and Max Lifestyle, Hyderabad could be gearing up for Bharti-Walmart. CNBC-TV18 reports Bharti-Walmart is scouting for land for two hypermarkets in the city.
Bharti-Walmart is scouting for real estate in Hyderabad to set up two of its hypermarkets here. According to sources, the hypermarkets will have 80,000 sq ft of retail space each and will be located in the outskirts of the city . The company is looking at acquiring a total of 3 acres of property.
Sources say the company has already done a preliminary analysis of the city's demographics and the competition that retailers present in Hyderabad will offer them. When contacted the official spokenperson at Bharti refused to comment.
After Landmark's Max Retail stores and Reliance, Bharti joins the list of retailers who will make an entry into Hyderabad. Experts say Hyderabad offers real estate at a price that is more affordable than big cites like Mumbai or even Bangalore and its population is happy shopping at supermarkets.