Home Retail HyperCity to invest Rs.40 crore on expansion

    HyperCity to invest Rs.40 crore on expansion

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    K -promoted hypermarket chain is set to expand its footprint in India. will launch its 76000 sq.ft store in the upcoming MARG Junction Mall, Chennai.

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    HyperCity, at present operates 19 stores in cities like Mumbai, Hyderabad, Bengaluru, Bhopal, Ludhiana, Amritsar, Jaipur, Pune, Ahmedabad, Delhi and Noida

    In an exclusive interaction with IndiaRetailing, , CEO, (India) Ltd said,“HyperCity is pleased to join hands with CMD-MARG, for the launch of HyperCity. This significant development marks HyperCity’s
    foray into Chennai, with the commitment to provide consumers an authentic hypermarket experience.”

    “The investment for a new store would be around Rs. 8 to 10 crores, depending on store size. The approximate investment plan for the ongoing fiscal on the expansion would be around Rs. 40 to 50 crores,” added Ashman.

    HyperCity has plans to reach a target of 35 stores by March 2015.

    – Purnima Mehra