Inorbit Mall exploring brownfield expansion options.

Inorbit Mall, a subsidiary of K Raheja Corporation, plans to invest around Rs. 250 crore every year for expanding its presence in the country through brownfield route, a top company official said.

'We currently have six malls and want to increase the number in the coming years. We are exploring brownfield expansion options by acquiring existing malls where construction has not been able to be completed due to various reasons,' Managing Director and Chief Executive Officer Kishore Bhatija told PTI.

He said the company plans to invest around Rs. 250 crore every year for this route of expansion.

Currently, the company is operating six malls, one each in Mumbai, Navi Mumbai, Hyderabad, Pune, Bangalore and Baroda.

'We have set a target of launching nearly 5-8 lakh sq. ft. every year and brownfield expansion can help us achieve the target to some extent,' he said.

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