Ikea to open store in Mumbai Metropolitan region

May 20, 2016 17:46

Swedish furniture retailing giant IKEA today announced the purchase of its first land parcel in Mumbai Metropolitan region to build a 4,00,000-sqft store. This will be the second store in the country after Hyderabad. The 23-acre site is located in Navi Mumbai on the Thane-Belapur Road, a company statement said. The IKEA store in Mumbai is planned to be of around 4,00,000 square feet and is expected to have an over 5 million visitors per year, indicative of the company's large expansion plans in the country. To be easily accessible the store site has good access to public transport and next to an existing suburban railway station, Turbhe.

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