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IKEA to open its first shopping mall in India



Health, sports, and sustainable development will play a vital role in the project's conception.
Shopping mall

Ingka Centres has unveiled plans to build its first mall in India. The €400 million project will take place in the city of Gurgaon, southwest of Delhi. 

The new mixed-use center of 130,000 square meters will offer its customers a shopping gallery with international and local brands, gastronomic space, and combine a hotel, exhibition space, and other facilities. 

Health, sports, and sustainability will play a key role in the project’s concept. The mall will also serve as a local community center, where festivals and exhibitions will be held throughout the year.

Ingka said that coming to India is part of the company's strategy to explore new markets and build a portfolio of retail centers that will be "future-proof and appealing to all." 

"Although construction will begin in early 2022, the new location is expected to create more than 2,500 jobs and further the growth of organized retail in India," Ingka Centres said.

Earlier, Ingka had reportedly announced plans to invest around one billion euros in the Indian market. In February 2021, it was reported that it had purchased a site to build its first store in Noida on the outskirts of Delhi, but the company later said the mall in Gurgaon would be the first to open in the country. 

More about shopping malls in India



TODAY, United Kingdom:
Brands available include Goyard, Chanel, Moncler, Gucci and Loewe.
TODAY, India:
The fashion house expects a two-fold increase in sales through online channels.
YESTERDAY, France:
The relaunch of the retail space took place five months after the renovation.
YESTERDAY, USA:
German luxury sportswear brand Bogner increases its presence in the US market.
DAY BEFORE YESTERDAY, France:
French retail giants Auchan and Intermarché have presented a collaborative proposal.
DAY BEFORE YESTERDAY, USA:
This will be the ninth full-line retail store in the Little Words Project portfolio and an addition to two pop-up stores.
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