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Tough to have 100 m sq ft space by 2011: Reliance

Agencies
Posted online: Thursday , November 15, 2007 at 1520 hrs IST

Bangalore, November 15: Reliance Retail Ltd on Thursday expressed doubts over meeting its own target of 100 million square feet of retail space by 2010-11.

"It is a tough challenge at this point of time but we certainly think we would make a good go at it," Reliance Retail President and Chief Executive Bijou Kurien said.

"2008, 2009 and 2010 would be three critical years in terms of property editions," he said after launching here the company's first jewellery store in the country.

Reliance Retail plans to open 300 jewellery stores in the country in three years. The Bangalore showroom would be followed by stores in Hyderabad and Ludhiana.

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