IKEA leases out one lakh sq ft land in Bengaluru
Real Estate

IKEA leases out one lakh sq ft land in Bengaluru

Swedish multinational furniture retail conglomerate IKEA is eyeing a small-store format, spread over 100,000 sq ft, in Whitefield, Bengaluru.

IKEA, which opened its first store in Hyderabad in 2018, has also invested in a 14 acre land parcel in Nagasandra, Bengaluru, for a large format store.

Earlier, IKEA India had told the media that small format stores would be city centre stores and would have the same look and feel as any other IKEA store.

The small format store in Whitefield will have a smaller range on display, and the presentation will be different. IKEA has set up a 270,000 sq ft distribution centre in Pune in partnership with IndoSpace Industrial Park, which is leased at a cost of Rs 20 crore per year. It has also earmarked a Rs 750 crore expansion plan.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Earlier, the company planned a further investment of Rs 100 crore in Pune to add another 250,000 sq ft of space. The Swedish company employs 1,000 people per store and 1,500 people indirectly and also sources 1,000 products locally, pricing them at less than Rs 200 per piece. It sources from 50 local manufactures, and its annual exports from India are worth over Rs 2,555 crore.

The retail giant expects to expand in areas such as merchandising, store operations, supply chain, and allied assembly services.

The first big format store opened in Turbhe, Navi Mumbai, and will. Currently, the company has invested Rs 10,500 crore in India and has spent half that amount till now.

Image Source


Also read: IKEA to launch its first mall in India

Also read: IKEA to invest Rs 60 bn in Maharashtra

Swedish multinational furniture retail conglomerate IKEA is eyeing a small-store format, spread over 100,000 sq ft, in Whitefield, Bengaluru. IKEA, which opened its first store in Hyderabad in 2018, has also invested in a 14 acre land parcel in Nagasandra, Bengaluru, for a large format store. Earlier, IKEA India had told the media that small format stores would be city centre stores and would have the same look and feel as any other IKEA store. The small format store in Whitefield will have a smaller range on display, and the presentation will be different. IKEA has set up a 270,000 sq ft distribution centre in Pune in partnership with IndoSpace Industrial Park, which is leased at a cost of Rs 20 crore per year. It has also earmarked a Rs 750 crore expansion plan.4th Indian Cement Review Conference 202117-18 March Click for event info Earlier, the company planned a further investment of Rs 100 crore in Pune to add another 250,000 sq ft of space. The Swedish company employs 1,000 people per store and 1,500 people indirectly and also sources 1,000 products locally, pricing them at less than Rs 200 per piece. It sources from 50 local manufactures, and its annual exports from India are worth over Rs 2,555 crore. The retail giant expects to expand in areas such as merchandising, store operations, supply chain, and allied assembly services. The first big format store opened in Turbhe, Navi Mumbai, and will. Currently, the company has invested Rs 10,500 crore in India and has spent half that amount till now. Image Source Also read: IKEA to launch its first mall in India Also read: IKEA to invest Rs 60 bn in Maharashtra

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?