IKEA – Bangalore Retail Store III – Karnataka - Project Profile
"IKEA – Bangalore Retail Store III – Karnataka - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Inter IKEA Systems BV (IKEA) is planning to build a retail store in Bangalore, Karnataka, India.
The project involves the construction of a retail store on 3.2ha of land. It includes the construction of retail spaces, storage units, warehouses, a cafe, parking and related facilities.
In May 2013, the Foreign Investment Promotion Board approved Ikea’s investment plan.
In September 2014, Ikea is in the process of receiving statutory clearances for the implementation of the project.
In April 2016, IKEA is in the process of acquiring the project site for the development.
In June 2017, 5.2ha of land was acquired from the Bangalore Metro Rail Corporation, located at Nagasandra on Tumkur road.
The project involves the construction of a retail store on 3.2ha of land in Bangalore, Karnataka, India.
The US$75 million project includes the following:
1. Construction of retail spaces
2. Construction of storage units
3. Construction of warehouses
4. Construction of a cafe
5. Construction of parking facilities
6. Construction of related facilities
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