Future Group will add 3.5 lakh sq ft more for Big Bazaar and 50,000 sq ft more for Pantaloons stores over the next one year in eastern India.
According to Sandeep Marwaha, head of operations - east, Pantaloons Retail, “We will invest Rs 1500 per sq ft for Big Bazaar and Rs 2,000 per sq ft for Pantaloons.”
Currently the company has around 15 lakh sq ft in East for all its formats put together. Big Bazaar alone occupies close to 9.5 lakh sq ft in East, while Pantaloon commands 3.5 lakh sq ft.“We will start Hometown mall, spread over 1.5 lakh sq ft in Rajarhat in another three months,” informed Marwaha.
HomeTown will provide consumers all that goes into building a house. In addition to retailing, the format will also provide services like electrical, plumbing, interior decoration, vaastu, etc.