Upcoming IKEA store in Noida: Construction pending govt approval
Real Estate

Upcoming IKEA store in Noida: Construction pending govt approval

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


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

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?