Kroger May Partner With Indian Developers
The real estate market in India is hot. So hot, in fact, that Kroger may be jumping on board. That’s right, the Ohio-based $66 billion U.S. grocery store giant is in talks with Indian realty companies to create joint ventures on some commercial projects. According to India’s Economic Times, Kroger reps have already met with three or four of India’s most prominent real estate development companies.
The move would be more profitable for Kroger than merely entering the retail market, and it would also create familiarity with the Indian culture should Kroger decide to enter the retail market down the road. Furthermore, if that time comes, Kroger will be better positioned to secure the commercial placement that has eluded other retailers. In fact, many retailers have shelved their plans to expand into India because there simply isn’t enough good property available currently. For an outsider looking in, Kroger’s interest in Indian real estate seems oddly random, though it could prove very strategic and beneficial.
January 2nd, 2008 at 9:33 pm
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January 5th, 2008 at 2:00 pm
[…] previously discussed how Kroger is eyeing real estate development in India. Though it sounds very random for a U.S. grocery chain giant to enter a foreign market like that, […]
June 6th, 2008 at 10:41 pm
[…] previously discussed how Kroger is eyeing real estate development in India. Though it sounds very random for a U.S. grocery chain giant to enter a foreign market like that, […]