Bharati in talks with real estate players

Bharati Enterprises is in talks with real estate companies for acquiring and leasing land for their proposed retail outlets in North India.

"We are in talks with Unitech, MGF, DLF and Parsvnath, and are looking at buying and leasing land for our retail outlets. The decision to buy or lease land for the outlets will depend on our needs," said Rajan Bharati Mittal, MD, Bharati Enterprises at the sidelines of a Ficci summit on retail here.

Bharati plans to roll out its retail outlets by the first quarter of financial year 2008-09, and is also likely to operationalise its cash-and-carry tie up with global retail giant Wal-Mart by the third quarter of the same fiscal.