Ikea to open its first shopping center in India
Ingka Centers, part of the Ingka Group, is set to open a mixed-use development in Gurugram, southwest of New Delhi, marking Ikea’s first shopping center in the country.
Construction is expected to start early next year, with an investment of $ 448 million. The project, with a gross area of approximately 130,000 m², is expected to generate more than 2,500 jobs for the community.
Nicknamed ‘Livat’, a Swedish word meaning ‘a lively event’, the mixed-use development will house a mix of hospitality, food and drink, ‘edutainment’ learning spaces, as well as a large retail offer anchored by an Ikea store.
“We know that when it comes to retail and leisure, change is the only constant,” said Cindy Andersen, Managing Director of Ingka Centers. “This is why our first Livat meeting place in India will be adaptable, with multiple offerings to match long-term consumer lifestyles. “
“India is an exciting opportunity for us and our partners to bring new experiences to customers and develop meeting places that add value to communities and the planet.
“We want to create destinations that allow people to live even happier, healthier and more sustainable lives – that will be our goal at Gurugram. “
The concept of the shopping center will focus on health, sport, nature and sustainability. It is expected to welcome more than 20 million visitors per year. The company said Livat Gurugram will reflect best practices in energy and water efficiency while providing a seamless omnichannel experience for customers.
“Delhi NCR will be one of our biggest and most important markets in India,” said Peter Betzel, CEO and CSO, Ikea India.