Flipkart scouts for 150 acres of land near Bengaluru

Flipkart scouts for 150 acres of land near Bengaluru
31/01/2020 , by , in News/Views

Walmart-owned Flipkart is looking for a new address. India’s largest online retail platform is scouting for land to develop a campus that will house all its businesses, according to realtors and industry officials. The project is expected to cost Rs 1,500 crore.

One of Bengaluru’s oldest realtors said he was given a brief by Flipkart through an international realtor to find land for the ecommerce company.

“Flipkart is looking for 150 acres of land, located 50-60 km from Bengaluru, to build a campus as the company wants to consolidate all its business operations,” the realtor said, asking not to be identified. “The company wants to complete the entire development in four years and is asking for recommendations for a builder who can deliver quickly.”

Flipkart has already rejected two land reports submitted by the realtor but talks are still on, he said.

The company is also said to be looking for land for its proposed campus in Chennai and Hyderabad. Flipkart declined to comment on the matter.

About Realty Plus