Ikea Explores Land in South Delhi, Dwarka for Expansion
Real Estate

Ikea Explores Land in South Delhi, Dwarka for Expansion

Retail giant Ikea's expansion plans have led it to scout for around 25 acres of land in prime locations such as South Delhi and Dwarka in the national capital. The retail company, represented by Ingka Centres, a part of the Ingka Group which includes IKEA Retail and Ingka Investments, is exploring opportunities to extend its footprint in these sought-after areas.

Although details about land pricing offered by the Delhi Development Authority (DDA) have not been disclosed, real estate experts suggest that licensed or sanctioned plots in regions like South Delhi and Dwarka could be priced between Rs 500 million to Rs 750 million per acre. Ingka Centres had previously engaged with DDA for a sizable land parcel, but discussions did not progress favourably due to pricing concerns. However, recent reports indicate that the retailer has resumed negotiations and approached DDA once more.

IKEA has confirmed its intention to expand its presence across various markets in India, including Delhi NCR, aiming to bring its home furnishings solutions closer to customers. The group has already established multiple stores across India and plans to further its reach by opening outlets in Chennai and Pune.

As IKEA explores new avenues for expansion, it is also fostering local partnerships by sourcing 30 per cent of its products from within India. Additionally, the company is considering India as a potential export hub for wooden furniture, thereby diversifying its sourcing strategies.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Retail giant Ikea's expansion plans have led it to scout for around 25 acres of land in prime locations such as South Delhi and Dwarka in the national capital. The retail company, represented by Ingka Centres, a part of the Ingka Group which includes IKEA Retail and Ingka Investments, is exploring opportunities to extend its footprint in these sought-after areas.Although details about land pricing offered by the Delhi Development Authority (DDA) have not been disclosed, real estate experts suggest that licensed or sanctioned plots in regions like South Delhi and Dwarka could be priced between Rs 500 million to Rs 750 million per acre. Ingka Centres had previously engaged with DDA for a sizable land parcel, but discussions did not progress favourably due to pricing concerns. However, recent reports indicate that the retailer has resumed negotiations and approached DDA once more.IKEA has confirmed its intention to expand its presence across various markets in India, including Delhi NCR, aiming to bring its home furnishings solutions closer to customers. The group has already established multiple stores across India and plans to further its reach by opening outlets in Chennai and Pune.As IKEA explores new avenues for expansion, it is also fostering local partnerships by sourcing 30 per cent of its products from within India. Additionally, the company is considering India as a potential export hub for wooden furniture, thereby diversifying its sourcing strategies.

Next Story
Infrastructure Energy

Orb Energy Achieves Rs 3 Bn Milestone in Solar Financing Success

Orb Energy, a vertically integrated solar energy solutions provider, has achieved a significant milestone by surpassing Rs 3 billion in financing disbursements through its in-house finance facility that requires no collateral or down payment. This accomplishment underscores its dedication to supporting small and medium enterprises (SMEs) and micro, small, and medium enterprises (MSMEs) in India in transitioning to cost-effective solar energy solutions. The company has installed approximately 350 MW of solar photovoltaic systems nationwide, with a strong foothold in southern and western India...

Next Story
Infrastructure Energy

90% Defaulters Yet to Settle Rs 3.17 Bn Power Dues in Noida

Out of a total of 1.31 lakh defaulters in Noida, only 13,500 consumers availed of the one-time settlement (OTS) scheme during its first phase. The Uttar Pradesh Power Corporation (UPPCL) launched the scheme in three phases, from December 15, 2024, to January 31, 2025. These consumers cleared dues amounting to Rs 300.40 million out of a total Rs 3.47 billion owed. Officials emphasized that stricter enforcement of the scheme would be implemented in the coming phases. During a recent weekend meeting with the technical team of the power department, the Noida zone's chief engineer instructed that..

Next Story
Infrastructure Energy

NER Invites Bids for 10 MW Rooftop Solar Projects in Uttar Pradesh

The Varanasi division (electrical) of Northeastern Railway has recently issued four tenders for a total of 10.4 MW on-grid rooftop solar systems to be installed at various buildings in Gorakhpur, Uttar Pradesh. The tenders include different project capacities, with submission deadlines set between January 31 and February 3, 2025. Bidders are required to submit earnest money deposits (EMDs) ranging from Rs 0.89 million to Rs 1.2 million depending on the tender, with the expected project costs varying between Rs 148 million and Rs 174.08 million. The selected contractors will be tasked with sup..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000