IKEA Store in Noida: Uttar Pradesh CM Yogi Adityanath Lays Foundation for ₹5,500-crore Project
Uttar Pradesh Chief Minister Yogi Adityanath lays foundation stone for IKEA store in Noida, a ₹5,500-crore project set to boost commercial real estate and industrial development in the state.
Ikea StoreNoidaUttar PradeshCommercial Real EstateIndustrial DevelopmentReal Estate NewsSep 10, 2024
Ingka Centres, part of the Ingka Group which includes IKEA Retail and Ingka Investments, has announced a major investment of Rs 5,500 crore to establish its second meeting place in India under the Lykli brand. The new project, located just behind Sector 51 and Sector 52 metro stations, is expected to cater to the needs of modern urban residents through a mix of retail, dining, co-working spaces, entertainment, and cultural experiences.
The project is likely to be completed by 2028. With this development, Noida is set to witness a significant boost in its commercial real estate and industrial development, making it an attractive destination for businesses and investors alike.
Information
Ingka Group is a Swedish company that owns and operates IKEA stores worldwide. Ingka Centres is a part of the group that focuses on creating meeting places that combine retail, dining, and entertainment.
Ingka Group is a leading retail company that designs and sells ready-to-assemble furniture, kitchen appliances, and home accessories. The company was founded in 1943 and is headquartered in Malmö, Sweden.
Frequently Asked Questions
What is the investment amount for the IKEA store in Noida?
The investment amount for the IKEA store in Noida is ₹5,500 crore.
Who laid the foundation stone for the IKEA store in Noida?
Uttar Pradesh Chief Minister Yogi Adityanath laid the foundation stone for the IKEA store in Noida.
What is the expected completion date for the IKEA store project?
The project is likely to be completed by 2028.
What is the location of the IKEA store in Noida?
The store is located in Noida Sector 51, just behind Sector 51 and Sector 52 metro stations.
What is the name of the brand under which Ingka Centres will establish its meeting place in India?
The brand name is Lykli.
Related News Articles
The Rise of Tier 2 Cities: A New Era in Indian Real Estate
India's real estate industry is shifting its focus to Tier 2 cities
Toronto Home Sales Experience a Slight Dip in July 2024
The Toronto housing market has witnessed a minor decline in home sales for the month of July 2024, sparking concern among real estate experts.
Revolutionizing Real Estate: How Rexas Finance's Blockchain Tokenization is Changing the Game
Rexas Finance is a decentralized finance platform that's tokenizing real estate, allowing for fractional ownership and democratizing access to the property market.
India's Capital Market Boom: NSE CEO Ashish Chauhan on Direct Market Participation
NSE CEO Ashish Chauhan highlights the transformative shift in India's financial landscape, with more individuals directly participating in the markets and the capital market growing to over 2.4 times the size of the country's total banking system.
Emaar India Announces Rs 2000 Crore Investment in Mumbai Over 6-7 Years
Emaar India, a leading real estate developer, has announced a significant investment of Rs 2000 crore in the Mumbai region over the next 6-7 years. This move is expected to bolster the city's real estate landscape and tap into its robust talent pool and e
Mumbai Homebuyers Triumph as Court Revokes Developer’s Bail in ₹100 Crore Fraud Case
Parag Thakkar and his wife, Shilpa Thakkar, accused developers involved in defrauding over a hundred homebuyers in a multi-crore scam, have had their bail canceled by the Mumbai court.