Max Hypermarket sketches expansion plan worth Rs 100 crore
Max Hypermarket India Pvt. Ltd, an outcome of a license agreement between the Dubai-based Landmark Group’s Max hypermarkets India and Spar International, is planning an investment worth Rs 100 crore in developing supermarkets and hypermarkets in three southern States and Maharashtra by the end of year 2009.
According to reliable sources, the fresh investment will be for developing another four hypermarkets and supermarkets. The company has already spendt Rs 100 crore in developing one hypermarket and two supermarkets in Bangalore.
Apart from developing stores in Maharashtra, Max Hypermarket also plans to open such retail stores in Karnataka, Tamil Nadu and Andhra Pradesh.
As per an estimate, the supermarket size varies from 20,000 sq. ft. to 30,000 sq. ft. while the hypermarket size ranges between 60,000 sq. ft. and 100,000 sq. ft.
In coming years, Max Hypermarkets plans to become one of the largest retailing chain in the country.