"The planned investment so far is around €500 million (in the Noida meeting place project). It's a large project that will be finalised. The decision will hopefully be taken within six months," Jan Kristensson, global expansion and development director at Ingka Centres, told Business Standard in an interview.
On Tuesday, the company marked the start of the main construction work on its IKEA anchored meeting place in Gurugram. The investment in the Gurugram meeting place is about €400 million (₹3,500 crore). The IKEA store will be spread across 250,000 square (sq.) feet (ft).
This takes Ingka Centres' total investments in both centres to €900 million.
The total building area of the Gurugram new meeting place will be around 1,700,000 sq. ft over nine floors and is slated to open in late 2025.
This story is from the August 17, 2022 edition of Business Standard.
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This story is from the August 17, 2022 edition of Business Standard.
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