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.