The IKEA Group, the Swedish home furnishings company has acquired its first land parcel in Bengaluru.
The 14 acres site in Bengaluru is located in Nagasandra on Tumkur road and has been acquired from the Bangalore Metro Rail Corporation.
The IKEA store in Bengaluru is planned to be around 4.5 lakh square feet and is expected to have more than 5 million visitors per year. The store will be connected to the Nagasandra metro station to offer for easy access as well as sustainable commute for the customers to the store.
Bangalore will be IKEA’s third one in India after Hyderabad and Mumbai. The first IKEA India store in Hyderabad will open early next year.
Each IKEA store will employ 500-700 coworkers directly and another 1,500 people indirectly in different services.
This step is yet another confirmation of IKEA’s long term plans in India. The company in parallel is evaluating suitable sites in the cities of Bangalore, Mumbai, Delhi & NCR, Chennai and Pune and plans to open 25 stores in India by 2025.