With the housing boom in India, Pantaloon Retail’s Home Solutions Retail Ltd is all set to clock big revenues for the company this year. According to some analyst estimates, this division maybe the largest contributing vertical.
We had first broken the story about Home Town Retail stores last November. Mr. Kishore Biyani, CEO of Pantaloon Retail India Ltd in Bangalore said,
Home Town and E Zone are growing at 70-90% YoY. Hometown is expected to clock a turnover of Rs 200 crore this year. The Home town stores also have in-house financing options by Future Money that is offering financing at 0% interest as long as you pay your bills in time. About 30% of the people opt for this offer.
Future Group currently has 4 Home Towns and 24 E Zone stores in India. Mr. Biyani opened the first Home Town store in India’s retail test City of Bangalore. The store is located in Marathahalli. Pantaloon’s Brand Factory is also located in Marthahalli, Bengalooru.
Shoppers Stop Retail chain is also offering credit at unbelievable rates this festival season.