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.