Kishore Biyani’s Future group which has largest number of retail formats and stores currently in India is exploring the option of collaborating with Real Estate Developers to SELL Ready-to-Move-in Apartments.
Future groups subsidiary company, Home Solutions Retail has floated a Joint Venture company – FH Residences with Kolkata based Realty Developer – Mr. Sumit Dabriwala. They will have a presence in Big Bazaar outlets across India. Infact, Jones Lang La Salle already has a shop-in-shop inside Big Bazaar, Kolkatta. The apartments is an all fitted ready to live apartment and a new brand is being worked out by the company to foray in the market.
FH Residences will approach developers in several cities to sell its apartments which would then be customized to suit the concept of ready to live-in apartment.
Apart from this FH Residences will venture into buying advertising spaces at Malls.