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Business Standard eyes to invest Rs 10-12 crore in two yrs

Press Trust of India  |  Chennai 

Online home interior brand, Friday announced setting up of the second largest experience centre in the city.

The experience centre is located at Thoraipakkam on Old Mahabalipuram Road and aims to cater to the needs of the population in the region.

In a statement, the company said, "it aims to invest Rs 10-12 crore in the market over the next two years. With 10 experience centres across in top five cities, the company is expanding fast."

"Chennai, with its huge real estate potential, has emerged as one of our prominent markets in South India," company chief business officer, said.

"Our addressable market is 15,000 of the 20,000 units coming up (in Chennai)..we are witnessing a steep demand and interest from new home buyers..," he said.

The new experience centre here is spread across 4,000 square foot over two floors and showcases traditional designs.

The Centre is powered by SpaceCraft, HomeLane's proprietary virtual design platform, the release added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 15 2019. 18:20 IST