IKEA to open shopping mall in Noida; its first in India
IKEA, which opened its first store in India in 2018 in Hyderabad followed by one in Mumbai in 2020, said it would develop the new site into a mall anchored by an IKEA store
Reuters | February 21, 2021 | Updated 08:12 IST
IKEA plans to open its first shopping centre in India after the furniture giant s shopping centres business - one of the world s largest - said it had bought a 48,000-square-metre plot in the city of Noida on the outskirts of Delhi.
IKEA, which opened its first store in India in 2018 in Hyderabad followed by one in Mumbai in 2020, said it would develop the new site into a mall anchored by an IKEA store.
Allotment made in Sector 51.
UP govt gets Rs 850 crore for deal.
Noida: IKEA was on Friday handed over a land parcel measuring nearly 50,000 sq metres in Noida where the Swedish furniture giant is set to start its first retail outlet in Uttar Pradesh, according to officials.
The allotment, which has been made in Sector 51, was transferred by the Noida Authority that received Rs 850 crore from IKEA for the commercial land, they said.
The transfer was made during a programme held here in the presence of top Noida Authority and IKEA officials, while Uttar Pradesh Chief Minisiter Yogi Adityanath and UP Cabinet Minister Satish Mahana joined the event virtually from Lucknow.
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IKEA coming soon to Noida with Rs 5,000 crore investment
IKEA was on Friday handed over a land parcel measuring nearly 50,000 sq metres in Noida where the Swedish furniture giant is set to start its first retail outlet in Uttar Pradesh, according to officials. The allotment, which has been made in Sector 51, was transferred by the Noida Authority that received Rs 850 crore from IKEA for the commercial land, they said.
The transfer was made during a programme held here in the presence of top Noida Authority and IKEA officials, while Uttar Pradesh Chief Minister Yogi Adityanath and UP Cabinet Minister Satish Mahana joined the event virtually from Lucknow.
IKEA s arm plans to open shopping mall in Noida, its first in India
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IKEA s arm plans to open shopping mall in Noida, its first in India
Reuters / Updated: Feb 19, 2021, 16:11 IST
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STOCKHOLM: IKEA plans to open its first shopping centre in India after the furniture giant s shopping centres business - one of the world s largest - said it had bought a 48,000-square-metre plot in the city of Noida on the outskirts of Delhi.
IKEA, which opened its first store in India in 2018 in Hyderabad followed by one in Mumbai in 2020, said it would develop the new site into a mall anchored by an IKEA store.