IKEA to infuse Rs 3,000 crore in Karnataka

23 Jun 2022 CW Team

Susanne Pulverer, Chief Executive Officer and Chief Sustainability Officer at IKEA India told the media that the company has committed to a long-term investment of Rs 3,000 crore in Karnataka. The Bengaluru unit is spread over 12.2 acres with 4,60,000 sq ft of commercial space, making it the biggest IKEA store in India.

Home accessories and furniture giant IKEA will officially open doors from 10 am on Wednesday. The Nagasandra Store is IKEA’s fourth store in the country.

She said that IKEA has engaged 1,000 co-workers with 72% local workers and plans to employ more people from the local neighbourhood. The company believes in empowering women.

Anje Heim, Market Manager, IKEA Nagasandra, said that IKEA strives to present home furnishing solutions that match the dreams of many for a better daily life.

IKEA said that 27% of products in Karnataka stores are locally sourced.

IKEA operates with five suppliers in Karnataka. One of them is an IKEA social entrepreneur, Industry, based out of Karnataka, who is operating with nearly 1,000 local artisans – making sofas, upholstery, furniture, plastic, armchairs, and metal articles, an IKEA spokesperson said.

Heim said the company has witnessed that a lot of importance is given to outer space because the firm has noticed many people having balconies here. Many of our clients in the city are those who go shopping with families. Hence, the company working on items that will supply storage solutions offers ideas about storage solutions, but also the changing storage space way if you have toddlers, school kids, or slightly elderly children.

Image Source

Also read: These decorative items will help you create the ideal home interior

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..