IKEA to build India's 1st shopping centre in Gurugram (Delhi, NCR)

IKEA to build India's 1st shopping centre in Gurugram (Delhi, NCR)

24 November 2021, Mumbai:

IKEA's malls business, one of the world's biggest, said on Tuesday it had bought a plot in Gurugram next to New Delhi for a shopping center that will be its first to open in India.

IKEA Gurgaon: IKEA announces plan for shopping centre in Gurugram | Delhi  news

Ingka Centres, which has 47 malls, that itself calls "meeting places", anchored by IKEA (IKEA.UL) stores across Europe, Russia, and China and plans to enter North America and India, said the estimated investment for the project was around €400 million ($450 million) and that construction would start in early 2022.

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