First IKEA mall to be set up in Gurgaon at Rs 3,500 crore

05 Dec 2021 CW Team

Ingka Centres, which includes IKEA Retail and Ingka Investments, told the media that the company is planning to set up an IKEA mall in Gurgaon with an estimated cost of around Rs 3,500 crore.

The company said that the project construction will begin in 2022 and is expected to generate over 2,500 job opportunities in India.

The development with a GBA of about 130,000 sq metres will complement its plan for Noida. The new place will set the standard for the generation of sustainable mixed-use destinations, entertainment and retail in one of the world's fastest-growing markets.

Its development in India is a part of its strategy to expand its business in new markets, reshaping its portfolio of retail destinations.

With Gurgaon and Delhi NCR regions growing population and building around the requirements of the people, the retail centre will be able to welcome over 20 million people annually.

The new meeting place will offer vibrant hospitality, entertainment, food and learning space along with the wide retail in the IKEA store.

The place is well-connected with public transport and further improve with a metro line in the city, creating cleaner and greener ways of travelling. The company is working closely with the local authorities to enable convenient and direct access to the metro.

The meeting place will be developed under the Livat brand. The company wants to create a sustainable lifestyle to meet everyday needs.

Managing Director of Ingak Centres, Cindy Andersen, said that the company is on a journey to reach more people through more developments in the market. India will bring new experiences and customers.

The meeting place in Gurugram will provide a seamless omnichannel experience for the customers. It will help in bringing together different communities through state-of-the-art digital infrastructure.

CM of Haryana, Manohar Lal Khattar, welcomes IKEA and Ingka Centres. He said that the government is looking forward to a partnership with the companies to build organised retail and meet the growing demand of the customers. The government will provide full support to facilitate a smooth investment flow in the state.

Ingka Centres had announced that it bought a plot in Noida. Its first store was opened in Hyderabad in 2018.

Image Source

Ingka Centres, which includes IKEA Retail and Ingka Investments, told the media that the company is planning to set up an IKEA mall in Gurgaon with an estimated cost of around Rs 3,500 crore. The company said that the project construction will begin in 2022 and is expected to generate over 2,500 job opportunities in India. The development with a GBA of about 130,000 sq metres will complement its plan for Noida. The new place will set the standard for the generation of sustainable mixed-use destinations, entertainment and retail in one of the world's fastest-growing markets. Its development in India is a part of its strategy to expand its business in new markets, reshaping its portfolio of retail destinations. With Gurgaon and Delhi NCR regions growing population and building around the requirements of the people, the retail centre will be able to welcome over 20 million people annually. The new meeting place will offer vibrant hospitality, entertainment, food and learning space along with the wide retail in the IKEA store. The place is well-connected with public transport and further improve with a metro line in the city, creating cleaner and greener ways of travelling. The company is working closely with the local authorities to enable convenient and direct access to the metro. The meeting place will be developed under the Livat brand. The company wants to create a sustainable lifestyle to meet everyday needs. Managing Director of Ingak Centres, Cindy Andersen, said that the company is on a journey to reach more people through more developments in the market. India will bring new experiences and customers. The meeting place in Gurugram will provide a seamless omnichannel experience for the customers. It will help in bringing together different communities through state-of-the-art digital infrastructure. CM of Haryana, Manohar Lal Khattar, welcomes IKEA and Ingka Centres. He said that the government is looking forward to a partnership with the companies to build organised retail and meet the growing demand of the customers. The government will provide full support to facilitate a smooth investment flow in the state. Ingka Centres had announced that it bought a plot in Noida. Its first store was opened in Hyderabad in 2018. Image Source

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..