HomeLane Forays into Affordable Home Interiors with DOOWUP
Aims to target customers buying apartments in the Rs. 50-75L range with this new brand
Kitchens starting at Rs. 60K and Wardrobes starting Rs. 50K
HomeLane, India’s leading home interiors brand, today announced the launch of their new affordable brand of home interiors - DOOWUP, targeted at mid-priced homes segment of INR 50 lakhs to INR 75 lakhs. DOOWUP’s range of products are curated by expert designers, engineered using the best materials and automated machinery to provide customers with personalised interiors at affordable prices. With this new brand, the company aims to extend HomeLane’s promise of hassle-free interiors within predictable timelines for a larger set of consumers across the country.
Sharing their views on the new brand launch, Mr Srikanth Iyer, Co-founder and CEO, & Mr Tanuj Choudhry, Co-founder and COO, HomeLane, said, “India’s home interior market is rapidly growing and currently is an $18 Bn opportunity in the top 30 cities itself. Typically, over the last few years, owners of homes in the range of INR 1 crore and above, were opting for personalised home interiors, spending an average ticket size of INR 5-INR 7 lakhs. However, fueled by a fast growing middle class, today, a significant percentage of homes, about 33%, are in the price range of INR 50 lakhs to INR 75 lakhs. These homes have similar interior requirements, especially for kitchens and wardrobes. DOOWUP is our strategic step towards extending designer-curated modular interiors to homeowners in this segment. By spending an average of INR 2 - INR 3 lakhs, customers can now create personalised homes which deliver on their tastes and preferences.”
The DOOWUP range currently includes modular kitchens and wardrobes that can be personalised with a variety of colours and finishes. They are built with high grade materials, provide unmatched storage and come with a comprehensive warranty. Additionally, all DOOWUP products are upgradable and are equipped with Hettich’s cargotech range of accessories. This new portfolio from HomeLane offers multiple product variants in both categories and the brand plans to expand with addition of many more categories within this financial year.
“At HomeLane, we have continually experimented with design and technology to bring high quality home interiors for our customers. DOOWUP is another stepping stone in this direction targeted especially at the mid-priced homes range and we are optimistic that this solution will enable more aspiring buyers to opt for personalised interiors solutions. We are aiming to do a 1000 homes by the end of this fiscal year and further plan to open 50 studios in this format across 20 cities in India by FY25 added,” Mr Subodh Jain, Senior Vice President - Growth & Retail HomeLane.
DOOWUP forays into the market with two flagship stores of nearly 700 sq. ft. each, located in Bengaluru, at HSR Layout and Varthur. These are the most rapidly developing areas with the presence of some of the major IT companies. It is among the most sought-after residential localities among millennials and the location helps DOOWUP to be near our target customer segment.