Support: +91-22-61011756 / help@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

IKEA leases 1,00,000 sq ft in Bengaluru to set up first store in city

Friday, 05 Mar 2021
Share this on :

IKEA has rented 1,00,000 sq ft in Bengaluru, Karnataka, to set up its first store in the city. The store coming up in VR Mall in Whitefield is expected to be operational by 2022. The deal has a lock-in period of 15-20 years.

The firm will be paying rent of Rs 70 per sq ft, excluding common area charges. IKEA will occupy the entire ground floor of VR Mall. The store is currently in the fit-out stage.

The store is planned to be spread around 4,50,000 sq ft and expected to handle more than five million visitors per year.

The company is working towards establishing a strong omni-channel presence in Mumbai, Hyderabad, Bengaluru and Delhi/NCR and also exploring other cities in India. The work on IKEA’s first store in Bengaluru is under construction at Nagasandra.

The company plans to open two more city centre IKEA Stores in 2021 to reach more people in Mumbai. As part of its long-term growth strategy, the Swedish furniture retailer is set to enter top Indian cities with its multi-channel presence with ecommerce and physical stores.

IKEA Purchasing has been sourcing from India for over 35 years and has over 60 suppliers with 45,000 direct employees and 4,00,000 people in the extended supply chain in India producing for IKEA stores worldwide.

 

 
Post Your Comments
 
 
   
 

 

 
  
Sign up to start your trial access

Are you...



REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services