Upcoming IKEA store in Noida: Construction pending govt approval

27 Jun 2023 CW Team

IKEA is awaiting permission from the Noida Authority to commence construction on a 48,000 sq m plot of land in Noida Sector 51. The report cited individuals familiar with the matter who stated that construction at the location is expected to begin within the next few months.

Once the project is completed, the IKEA facility will include a shopping mall, retail stores, residential accommodations, and meeting centres. In order to develop the shopping mall, IKEA is planning to invest approximately Rs 55 billion. The company acquired the land in Noida Sector 51 in February 2021, after the Noida Authority allocated a commercial plot to IKEA on February 9, 2021. For the land, IKEA had paid Rs 8.5 billion to the authority.

IKEA has submitted a map (site plan) for approval to the Noida Authority. The scrutiny of the map is currently underway. They (IKEA) were requested to obtain a no-objection certificate (NOC) from the fire department, and they have received it. The construction work can only commence once the site plan or map is approved by the Authority.

Ingka Centre's spokesperson said, ‘’Delhi NCR is one of our important markets in India. We are thankful to the Government authorities for their continuous support and together working towards launching our IKEA-anchored meeting place for the many people of Noida and Delhi NCR.”

Also read:
50% rebate on stamp duty for integrated township projects
Surge in joint dev. projects as land price soar in Ahmedabad

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..