Hotline: 1800 102 2007
X
Search Business Opportunities
May, 21 2019

Real Estate Firm Sobha Collaborates with Metercube to Enter the Furniture Business

The collaboration will be looking to offer an array of furniture and home furnishings.

Real estate firm, Sobha recently announced its collaboration with Metercube to invade the Indian furniture industry. The collaboration will be looking to offer an array of furniture and home furnishings. Sobha’s first experience center has already been established in Bengaluru that is spread in over 3,000 square feet.

The center features dining tables, chairs, sofa frames, coffee tables, bookshelves, and entertainment cabinets, among other things.

J C Sharma, Managing Director and Vice-Chairman, Sobha says, “We will roll out more Metercubes in a hub-and-spoke model first in Bengaluru, then potentially across other cities and will cater to all kinds of customers and not just those who buy flats from Sobha.”

Sobha’s wood factory for the interior division is spread over 325,000 sq ft which employs over 1,000 people. The factory produces wardrobes, doors, and interior fit outs. In fact, this is where most of the Metercube’s products will be made to start with. Currently, Socha is selling around 3,000 flats a year with an average price of Rs 1 crore.

Comment
image
Related opportunities
  • Quick Service Restaurants
    About Us: The Brew Kitchen is a combination of the best..
    Locations looking for expansion Delhi
    Establishment year 2008
    Franchising Launch Date 2008
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Precious Jewellery
    About Us: N. K. Chains Private Limited has earned a huge..
    Locations looking for expansion Uttar pradesh
    Establishment year 1999
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater NOIDA Uttar pradesh
  • Home Furnishings
    About: Ambreh is backed by Aalidhra Techtex Pvt. Ltd. that owns..
    Locations looking for expansion Delhi
    Establishment year 1989
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Real Estate
    About Us: Co-offiz is an office for all young professionals, start-ups,..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities