News > IKEA's first India shopping mall coming in Noida

IKEA's first India shopping mall coming in Noida

IKEA was on Friday handed over a land parcel measuring nearly 50,000 sq metres in Noida where the Swedish furniture giant is set to start its first retail outlet in Uttar Pradesh, according to officials. The allotment, which has been made in Sector 51, was transferred by the Noida Authority that received Rs 850 crore from IKEA for the commercial land, they said.

The company is expected to invest Rs 5,000 crore in Noida in seven years.