IKEA – Bangalore Retail Store I – Karnataka - Project Profile
"IKEA – Bangalore Retail Store I – 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.
The "IKEA – Bangalore Retail Store I – Karnataka - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.
Ikea Systems BV (Ikea) is planning to undertake the retail store project 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 September 2015, Ikea is currently in discussions with various state governments to secure land for the project.
In April 2016, IKEA was in the process of acquiring the project site for the development.
In June 2017, IKEA has acquired 14 acres of land from the Bangalore Metro Rail Corporation at Nagasandra on Tumkur road.
Planning activities are underway.
The project involves the construction of a 32,516m2 retail store 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 a restaurant
6. Construction of parking facilities
7. Construction of related facilities
Reasons To Buy