IKEA to open its first store in Delhi-NCR by 2025

Two stores to be open in Gurugram and Noida!

The Swedish-born, Dutch-headquartered home furnishing giant is finally entering the National Capital Region with two stores in Gurugram and Noida - starting 2025.

After the successful opening of IKEA stores in Mumbai and Bengaluru, the Dutch-headquartered home furnishing giant is finally entering the National Capital Region with two stores in Gurugram and Noida starting in 2025.

The company has already begun work on its Gurugram store which is being built by Ingka Centres, a global division of the IKEA parent Ingka Group that builds its malls and shopping centers.

The first two upcoming IKEA stores in the NCR will be housed inside shopping malls developed by the Ingka Centres with a total investment of nearly Rs 7,500 crore.

The Gurugram project has already begun at Sector 47, near Medanta hospital. According to Jan Kristensson, global expansion and development director at Ingka Centres, the Noida project will begin by end-2022.

According to Kristensson, Ingka Centres has budgeted Euro 400 million (Rs 3,500 crore) for the Gurugram project while the Noida mall would require Euro 500 million (Rs 4,000 crore). Apart from housing IKEA stores these projects will have malls with stores of other flagship brands and high-end office spaces (320,000 sq-ft of office spaces in Gurugram, for instance).