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Supermarket chains in India to go on expansion spree

Scouting for space in several cities as supermarket chains in India aims to open 300 supermarkets and hypermarkets over the next three years. In the spree, Reliance Retail is looking for hundreds of properties for its Reliance Smart Point supermarket format, multiple real estate agents said. Riding on a pointy restoration from pandemic-led blows, grocery store chains are aggressively trying to increase nationwide within the coming years, in line with retail actual property corporations. While India is the world’s third largest meals and grocery market, the sector is dominated by mom-and-pop shops which quantity round 12 million. So, there may be nice room for contemporary retailers to develop in that house. Such development in the supermarket domain is an added business opportunity for the signage companies engaging in mall branding, in-store graphics and such tasks.

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