House of Pearl Fashions is diversifying into real estate through its subsidiary Pearl Global. It will form a JV with realty major Ansal Properties and Infrastructure for development of 9.26 acres of commercial land in Gurgaon.The company has pockets of land in and around the NCR region and intends to unlock value in real estate for its shareholders. "Ansal will develop the property in the land owned by us. We saw a steady stream of revenue for the company in the real estate business'', Rishi Vig, CFO, House of Pearl Fashions, said.House of Pearl is engaged in design and development, manufcaturing, sourcing, market distribution, branding, logistics and warehousing of garments. Its operates in six continents and its clients include Wal-Mart, Tesco, GAP, etc.
