Ingka Group to soon commence work on Rs 4,000-crore mall-cum-store in Noida

Ingka Group, the parent company of Swedish home furniture giant IKEA, is all set to start work on its mall-cum-store complex in Noida. Situated between Sectors 51 and 52 Metro stations in Noida, the facility would be spread over 45,000 sq m, one of the largest in the Delhi-NCR region.

According to officials of the Uttar Pradesh government, this will be a mixed-use project consisting of an IKEA store as anchor and a mall that will house retail and commercial stores, a hotel, movie theatres and other entertainment zones as well as restaurants.

Earlier in 2018, the company had signed a deal for the store-cum-commercial complex, but the project had got stuck due to procedural delays.

IKEA is committed to India for the long term. Delhi-NCR, Mumbai and Bengaluru are identified among the fast-growing cities for Ingka Group globally. In India,  the ambition of the company is to reach 100 million people in India by 2022.”