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IKEA rents 100,000 sq ft in Bengaluru to set up first store in city

Synopsis
The store coming up in VR Mall in Whitefield is expected to be operational next year. The deal has a lock-in period of 15-20 years.
Agencies
IKEA Purchasing has been sourcing from India for over 35 years and has over 60 suppliers with 45,000 direct employees and 400,000 people in the extended supply chain in India producing for IKEA stores worldwide.
Global furniture giant IKEA has rented 100,000 sq ft in Bengaluru to set up its first store in the city, in what is being seen as the largest retail leasing deal this year.
The store coming up in VR Mall in Whitefield is expected to be operational next year. The deal has a lock-in period of 15-20 years. ....

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India's First IKEA Shopping Mall to Open in Noida

India s First IKEA Shopping Mall to Open in Noida
Ingka Centres, which has 45 IKEA store-anchored malls across Europe, Russia and China, said it planned to invest nearly Rs 5,500 crore in the Noida project.
A signboard of the new IKEA store is seen in Navi Mumbai, India, December 17, 2020. REUTERS/Francis Mascarenhas
World19/Feb/2021
Stockholm: IKEA plans to open its first shopping centre in India after the furniture giantâs shopping centres business â one of the worldâs largest â 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. ....

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