At Rs 340 a square feet a month, the nine-year pact is among the costliest.
The company's total debt is Rs 5,500 crore (Rs 55 billion) as of December 31, 2012.
Tesco, which has a franchise agreement with Trent Hypermarkets for the latter's back-end operations, is believed to be interested in investing in those hypermarkets
FMCG giant HUL sold or leased its landmark commercial properties, including its former headquarters, last year.
To operate large wholesale markets and imports.
A day after the Budget, the industry estimates the sale of affordable homes could increase up to 20 per cent this year due to an additional exemption granted to first-time buyers.
An interest rate cut, at a time when demand was not showing any sign of revival, would boost sentiments, especially for interest-rate sensitives like the car and real estate sectors, which had been showing negative growth, a majority of the 15 CEOs polled by Business Standard said.
Like other food and grocery chains, Birla Retail is aggressively pushing its private labels and large packs to woo customers. Besides offering value, private labels push retailers' margins.
Land parcels acquired for 58 new projects, which are yet to be launched.
Fast growth in organised retail and opening of new malls and stores have raised attrition levels at the shop floor to alarming levels of eight per cent a month, or 96 per cent a year.
They plan to cut shop sizes and look at opening standalone stores after years of losses.
Mounting debt, slowing sales, and rising inventory were at the heart of HDIL's woes.
Industry estimates R-Day sales are eight times the usual for big retailers.
The retailer is looking at a break-even this year.
With just a few organised players such as KB Exports, Freshtrop and Maha Anar in the segment and the vast export potential in western Europe and central Asia and the increasing demand in domestic markets, InI Farms is already a focus area for investors such as Ronnie Screwvala's Unilazer Ventures and venture capital fund Aavishkaar.
Mukesh Ambani-led Reliance Industries Ltd wants to merge four of its associate companies in real estate with its main property development subsidiary, Reliance Commercial Land and Infrastructure Ltd, under the scheme of amalgamation proposed before the Bombay High Court.
Sets up new financial services arm, Amit Goenka joins as CEO.
Shopping websites say it is about first-mover advantage.
The residential real estate prices in Powai and adjoining areas are around Rs 25,000 per sq ft.
Out of 23 floors, Air India occupies six and three of these have been leased out. The rest are largely unused.
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