Godrej Lifespace plans to invest Rs 50 crore

Godrej Lifespace announced that it would be setting up 100 Lifespace stores to consolidate its presence in the home appliance market in the country by the year 2010. A total investment of Rs 50 crore has been earmarked for the venture. The Godrej Lifespace stores stock everything for the home and the office, including furniture, home appliances, security systems and lifestyle products. At present there are 48 Godrej Lifespace stores at present and the company plans to set up 20 more in the current financial year.