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Business EconomyPosted at: Aug 16 2022 9:28PM


Ikea group to open city center in Gurguram

New Delhi, August 16, (UNI) Renowned retailer, Ingka Group (which also includes IKEA Retail and Ingka Investments) on Tuesday started the construction work of the 'Ingka Center' with a total investment of Rs 3500 crore in Gurguram, Haryana.
The state-of-the-art development will deliver a vibrant mix of food, beverage, edutainment, learning spaces, alongside a wide retail offer anchored by IKEA along with a combination of global and local brands.
"The total building area of the Gurugram new meeting place will be around 1,700,000 sq. ft over nine floors and expected to generate 2500 jobs," the company said in a statement.
The company said the 320,000 sq. ft of high-class office space will also sit atop the retail area, offering workspaces with an independent entry and a direct connection to the food and entertainment offer.

Attending the groundbreaking ceremony, at Gurugram sector 47, Haryana Chief Minister Manohar Lal Khattar said “I am delighted to support Ingka Centres and IKEA to begin construction of what will become a world-class retail and leisure destination to meet the needs of consumers in the State and the region."
"The project will significantly boost employment and investments in the region. Our government has implemented a number of measures to enable ‘Ease of Doing Business in the state and this project is yet another validation of our development plans for the region" he added.
Speaking about the project, Cindy Andersen, Ingka Centres Managing Director, said “Today marks the start of an exciting journey for us in India, as we accelerate our strategy to get closer to where many people live".
"Together with IKEA and the local community we are looking forward to bringing to life a new vibrant destination where people can work, play, meet, shop, and spend time together in a more sustainable way which contributes to the further growth of this dynamic area,” she added.
Susanne Pulverer, CEO and CSO, IKEA India said, “Today marks a major milestone as we commence our project in Gurugram with the ground-breaking ceremony. We have a long-term commitment to Delhi NCR to create a positive impact on people, the planet, and the local economy through our business.
The total building area of the Gurugram new meeting place will be around 1,700,000 sq. ft over nine floors and is expected to open in 2025, with an annual footfall of 20 million"

The company said, the new IKEA store will be spread across a massive space of 250,000 sq. ft. and will offer over 9,000 home furnishing products along with beautifully designed room sets for ideas and inspirations to live a better life at home.
"The store will also house a children’s play area, ‘Småland’ along with a Swedish restaurant and a bistro serving a mix of Swedish and Indian delicacies," it said.
"The destination is well connected to public transport and will further improve with a nearby planned metro line creating cleaner and greener ways of traveling to and from the new meeting place," it said.

Currently, three big format IKEA stores are operational in Hyderabad, Navi Mumbai, and Bengaluru.
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