HFIL to invest 350 crores in 50 outlets by 2009

House Full International (HFIL), who are pioneers of the home improvement concept in India are setting up 50 new outlets by 2009.

home_mprovement“As part of our expansion, we are opening 50 new outlets spread over 2.5 million sqft in major cities across the country in the next three years (2009). We are investing around Rs 350 crore for the expansion work. Each outlet will be spread over 30,000-40,000 sqft or more. In the current fiscal, we are opening nine outlets in major cities including Chandigarh, Kolkata, Bangalore and Aurangabad. Our investment in these nine outlets will be around Rs 63 crore,” said Arif Sheikh, president & chief executive officer, House Full International (HFIL), a chain of retail outlets offering complete range of home improvement products, which already has three outlets at Nashik, Pune and Surat operating in the country, reports Business Standard.

The recently opened Nashik outlet is spread over 40,000 sqft at a cost of Rs 7 crore. The company will be opening its fourth outlet at Hyderabad shortly. The retail chain has invested Rs 110 crore so far.

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