Godrej LifeSpace to add 150 stores

Home Lifestyle and Retailing company, Godrej Lifespace has chalked out an ambitious expansion plans to add 150 more stores across India to take the total tally to 200.

Godrej Lifespace is targeting a turnover of $120 million by 2010 and plans to add 3 more stores in Hyderabad on franchisee model and 10 more across the state. The cost of establishment of each store excluding Real Estate investment is up to Rs 25 lakh. Godrej themselves are investing Rs 90 crore in the venture.

Godrej Lifespace also has online presence – Godrej Lifespace eMall. Consumers can shop and pay online and the goods will be delivered directly to their doorstep.