IKEA sets eyes upon Bangalore, leases 100,000 sq ft land
Interiors

IKEA sets eyes upon Bangalore, leases 100,000 sq ft land

Expansion plans in India

IKEA, opened its first store in Hyderabad in 2018, followed by Navi Mumbai and is also gearing up to open its small format store in Bangalore with an investment in a 14-acre land parcel at Nagasandra, Bangalore.

Peter Betzel, CEO, IKEA India, had earlier said small-format stores would be city-centre stores and would have the same look and feel like any other IKEA store. The small-format store in Whitefield will have a smaller range on display, and the presentation will be different.

Creating Employment

With its 40 stores planned across 10 Indian cities, IKEA will increase its contribution to job creation in the country. 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 apiece. It sources from 50 local manufactures and its annual exports from India are worth over $350 million.

The retail giant expects to create opportunities 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 employ 1,000 direct workers and 1,500 indirect workers across services.

Plans For Pune

IKEA has set up a 270,000-square-feet 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. Earlier the company planned a further investment of Rs 100 crore in Pune to add another 2.5 lakh square feet of space.

The COVID-19 pandemic may have hit IKEA's expansion plans in India, but the Swedish furniture and decor behemoth is readying to open new stores in one of its fastest growing markets.

Expansion plans in India IKEA, opened its first store in Hyderabad in 2018, followed by Navi Mumbai and is also gearing up to open its small format store in Bangalore with an investment in a 14-acre land parcel at Nagasandra, Bangalore. Peter Betzel, CEO, IKEA India, had earlier said small-format stores would be city-centre stores and would have the same look and feel like any other IKEA store. The small-format store in Whitefield will have a smaller range on display, and the presentation will be different. Creating Employment With its 40 stores planned across 10 Indian cities, IKEA will increase its contribution to job creation in the country. 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 apiece. It sources from 50 local manufactures and its annual exports from India are worth over $350 million. The retail giant expects to create opportunities 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 employ 1,000 direct workers and 1,500 indirect workers across services. Plans For Pune IKEA has set up a 270,000-square-feet 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. Earlier the company planned a further investment of Rs 100 crore in Pune to add another 2.5 lakh square feet of space. The COVID-19 pandemic may have hit IKEA's expansion plans in India, but the Swedish furniture and decor behemoth is readying to open new stores in one of its fastest growing markets.

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Next Story
Infrastructure Urban

India Spent Rs 1.5 Tn on Smart Cities in Past 10 Years

The Indian government launched the Smart Cities Mission on June 15, 2015, with the goal of transforming urban infrastructure across the country. As of April 11, 2025, ten years since its inception, over Rs 1.5 trillion has been spent on 7,504 completed projects, representing 94 per cent of the total planned projects valued at more than Rs 1.64 trillion. An additional Rs 131.42 billion worth of projects are currently under implementation. According to data from SBI Research, 92 per cent of the funds were utilised across 21 major states, with Uttar Pradesh, Tamil Nadu, and Maharashtra together ..

Next Story
Infrastructure Energy

Hyundai’s EcoGram Converts Gurugram’s Waste to Clean Energy

Hyundai’s EcoGram, a biogas plant and material recovery facility located in Gurugram, Haryana, has been established to support circular economy initiatives. The facility collects both wet and dry waste from 20 bulk waste generators, including residential welfare associations (RWAs), corporate offices, and commercial complexes, with assistance from the Municipal Corporation of Gurugram (MCG). At the facility, the collected waste undergoes processing—wet waste is converted into biogas, which is then used to generate electricity, while dry waste is sorted for recycling. Since its inception,..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?