IKEA gets 3,300 sq mt land parcel for commercial complex in Noida
Swedish furniture giant IKEA is all set to start work on its store-cum-commercial complex in Noida, with the Authority finally agreeing to give 3,300 sqm land parcel adjacent to the company's plot in Sector 51. IKEA will have to develop a rotary on the plot and keep it open for public use. The decision was taken at the Authority's board meeting and as a temporary measure, the furniture major has been given permission to create access to its land parcel through the children's park that is located on the west side of the plot. The company informed that large trailers and heavy vehicles will be required during the construction work and due to the presence of metro stations and walls on the north and east sides of their plot, access was needed. IKEA had sealed a pact with the UP government two years ago, but the deal did not make headway overpayments of the land cost and recently UP industries minister, Satish Mahana, announced that all land issues had been resolved for the furniture major to start work on its Noida project, the largest of its kind in Delhi-NCR. IKEA opened its first Indian store in Hyderabad in 2018.
📅Published on:
09 December 2020
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