According to retail real estate companies, super market chains are now riding on rapid recovery from COVID-19-led blow. They are aggressively looking to expand footprints nationwide in the coming years. The big box retailers are betting on India’s long-term potential for organised food and grocery business, an estimated market of more than $500 billion.
More Retail is scouting for space in several cities as it aims to open 300 supermarkets and hypermarkets over the next three years, while Reliance Retail is looking for hundreds of properties for its Reliance Smart Point supermarket format, multiple real estate agents announced. This is good news and a sunshine opportunity for the signage companies too as this will bring fresh in-store branding and graphic projects for them in near future.
