News & Views on Indian Real Estate

Wednesday, May 28, 2008

SRS forays into Fashion Wear retailing

Real estate companies are now trying their hands at new sectors. Realtors like Parsvnath and DLF forayed into telecom and now SRS is entering into fashion. SRS Group, one of India's leading real estate developer with business interests in real estate and township development, multiplex cinemas, retail, hospitality and aviation sectors, has announced its definitive plans to foray into retailing of branded apparel by launching the first exclusive apparel retail store under the brand - FASHION WEAR, at Crown Interiors, Faridabad, Haryana. The group also plans to build and operate 15 metro based hyper markets with an area of 50-80,000 square feet each. The total area under operation is expected to be around 15,00,000 square feet by end the end of the year 2009.

Vikas Bamotra said...

It’s all due to higher rate of interest on housing loan. Now it will be more difficult for builders to provide the houses on affordable cost.

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