Real Estate

Real Estate Transactions

Ingka to open IKEA-anchored mall in Gurugram

Business Line  

Ingka Centres, part of the Ingka Group, is to set up an IKEA-anchored mixed-use development project in Gurugram at an investment of about EUR 400 million (INR 3,500 crore). The construction will start in early 2022 and the company expects the project to generate more than 2,500 jobs. Ingka Group owns IKEA Retail and Ingka Investments. The project will be developed under the Livat brand and will offer a mix of hospitality, food and beverage, ‘edutainment' learning spaces, alongside a wide retail space anchored by an IKEA store.