Ingka Centres, part of the Ingka Group, which also includes IKEA Retail and Ingka Investments, will invest around ₹3,500 crore amounting to €400 million to build 1.3 lakh sq meter mixed-use developments in Gurugram. Construction of the project, which it calls 'meeting place' will start shortly and is expected to welcome more than 20 million people annually. Ingka Centres says its move to India is a part of its strategy to expand into new markets and to shape a portfolio of retail-led destinations that are suitable for future expansion of its businesses. MD, Ingka Centres, Cindy Andersen, informed that India is an exciting opportunity for it and its partners to bring new experiences to customers and to develop meeting places that bring value to communities and the planet. Ingka Centres 52nd meeting place will be developed under the new Livat brand and will offer a mix of hospitality, food and beverage, edutainment learning spaces, alongside a wide retail offer anchored by an IKEA store. The company says it will work closely with local authorities to enable convenient and direct access to the metro.
📅Published on:
26 November 2021
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