Sobha Developers diverisifies to Retail business

New Delhi, May 30 (UNI) Bangalore based realty firm, Sobha Developers Ltd today made a foray into the retail space by commissioning a state-of-the-art spring mattresses factory at Bommasandra, Bangalore.

The mattress will be sold under the name of 'Sobha Restoplus'.

The production facility on a two shift basis would be 200 mattresses a day, said a statement.

The company has invested Rs 17 crore on the spring mattresses division. The mattresses would cost upward of Rs 10,000 and will be available in 30 variants.

It has received an order for spring mattresses from Infosys worth Rs 2.4 crore, said the statement.

The company is also planning to sell office furniture and home furniture produced in this factory for the retail market from its third phase of its production facility for furniture and joinery.

UNI