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Ikea likely to open store in Mumbai

Friday, 15 Apr 2016
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Swedish furniture giant Ikea is on the verge of signing a mega deal for its first store in Mumbai.

Ikea is likely to ink a Rs 1,000 crore plus agreement with Mumbai-based builder Vikas Oberoi to set up a 3.5 lakh sq-ft store in Borivali (East). Oberoi will build the ground-plus-two storey store for Ikea.

The new store will be built on part of the 25-acre Oberoi Realty property.

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