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Virtuous Retail developing 8 retail shopping centers

1 Comment Sub Category:Commercial Real estate,Mumbai,Real estate trends Posted On: Sep 26, 2012

Virtuous Retail (VR), a retail real estate company sponsored by global investment firm, The Xander Group Inc., is developing a pan-India portfolio of retail, lifestyle and community centers.

VR is currently building eight large format retail shopping centers in city center locations across India. Majority of these are expected to be operational by 2015.

Virtuous Retail’s first shopping center is all set to open in Surat in the first half of 2013. It plans to open one such lifestyle center every 6-8 months in 7 other key locations.

It plans to open VR Whitefield in Bangalore next, which will be followed by Pune, Chennai, Mumbai and two more centers in Bangalore.

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