Ingka Centres enters the Indian market with its first IKEA anchored destination in Noida
Ingka Centres, part of the Ingka Group, (which also includes IKEA Retail and Ingka Investments), has today taken its first step to expand into India with a major land acquisition in India. The 47,833 sq m plot in Noida, Uttar Pradesh will be developed into an IKEA anchored retail destination, adding to Ingka Centres 45 existing Meeting Places around the globe.The acquisition reinforces the Ingka Group’s long-term expansion plans in India. This announcement comes close on the heels of launching the second IKEA India store in Mumbai in December 2020. IKEA Hyderabad, which was the first store
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