Reliance secures retail space in Kolkata

Reliance Industries has secured 150,000 sq.ft for its hypermart in the 262-acre Batanagar township coming up as the Calcutta Riverside project just 20 minutes from the Taj Bengal in Kolkata.

Reliance is reported to have obtained the space for Rs 50 crore from Riverbank Holdings, the joint venture between Bata India and Calcutta Metropolitan Group, promoters of the Calcutta Riverside project. The retail operations are likely to commence in 2010 around the time the residential units are ready.

Courtesy: 99acres.com