IKEA India Private Limited, a subsidiary of the INGKA Group, has an upcoming mixed-use development project in Noida.
IKEA Mixed Used Development Project, Noida
M/s INGKA Centres India Pvt. Ltd. has proposed a mix-used development project at commercial property plot no. E – 01, Sector 51, Noida, Uttar Pradesh. The developers will build the project on a land parcel of 11.81 acres, and the project’s total construction area will be 4,511,065 SqFt. The project’s construction cost is INR 1,691 crores. As of March 2023, excavation work is in progress.
Design International & Design plus Associates Services Private Limited (DPA) is appointed as the Design Architect for the project while Optimal Consultancy Services Private Limited is the Structural Engineer. Mace Group is the Project Management Consultant for the said project.
Project Details
| Name of the Project | IKEA Mixed Used Development Project, Noida |
| Latest Status | Under Construction |
| Latitude, longitude | 28.585711, 77.374247 |
| Location | Noida, Uttar Pradesh |
| Description | Tower 1: 5 Basements + Ground Floor + 38 Upper Floors (Floor 1st – 5th: Retail Block; Floor 6th – 27th: Office Block; Floor 28th to 38th Hotel Block) Tower 2 : 5 Basements + Ground Floor + 27 Upper Floors (Floor 1st – 5th: Retail Block; Floor 6th – 27th: Office Block) |
| Construction Cost (INR) | INR 1,691 Crore |
| Construction Area (in SqFt) | 4,511,065 SqFt |
| Building use | Commercial, Hospitality |
| Owner – Developer (Government) | Delhi Development Authority (DDA) |
| Owner – Developer (Private) | Raheja Developers |
| Sector | Public-Private sector |
| Category | High Rise |
| Construction start | 2023 |
| Project completion (Estimated timeline) | 2026 |
About
M/s INGKA Centres India Pvt. Ltd.
INGKA Holding B.V. is a holding company based in Leiden, Netherlands. It is the holding company that controls 367 stores of the 422 of IKEA in 2018. The company is fully owned by the Stichting INGKA Foundation.
IKEA India Private Limited
IKEA India has been present in India for 30 years as part of the INGKA Group, sourcing many different products for IKEA stores worldwide. Currently, they source products for approximately € 315 million every year, with the aim of doubling it in the next few years to meet global and Indian needs.
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Disclaimer: The information in this article is gathered using data from Biltrax Construction Data’s proprietary platform. This article uses feature images that may not be representative of the project; they are merely for illustration purposes.
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