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Article: Hindware Home Retail eyes revenue sharing with realtors.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- November 26, 2008
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Hindware Home Retail eyes revenue sharing with realtors
New Delhi, Nov 26 (PTI) Somany group company Hindware Home Retail today said it is in talks with real estate developers for revenue sharing partnership, as it looks to cash in on the decline of retail rentals.
The company is also planning to invest Rs 250 crore by 2012-13 for setting up another 48 outlets of its store - Evok in metros, Tier I and II cities, as it aims a turnover of Rs 400 crore from the retail business by then.
"We are in advanced stages of discussion with developers in various cities to have our flagship stores in their properties under revenue sharing model. The recent ...