Aditya Birla's Retail Venture is in talks with Delhi based real Estate Developer - Parsvnath Developers to setup a Hypermart and a super mart in Delhi and NCR.The hypermarket is expected to come up in the Sreelampur Mall and will be sperad on 100,000 sft space. A V Birla retail has launched its first hypermarket in Mysore, near the silicon valley of India. One of Parsvnath's metro malls is likely to house a supermarket for Aditya Birla Retail.
Parsvnath Developers is constructing 35 malls across India and 20 metro malls. The metro malls are all located on land adjacent to metro stations in Delhi. Retail India is hungry for real estate space and has evolved a new model of retailing for Land Lords in upscale locations of Tier-I cities.
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