Ingka Centre’s launches its first IKEA anchored meetingplace in India
Ingka Center’s, part of the Ingka Group (which also includes IKEA Retail and Ingka Investments), has today revealed plans for a major new IKEA anchored mixed-use development in Gurugram, acity southwest of New Delhi, in the state of Haryana.
The development, with a GBA
of around 130,000sqm, will
complement the company’s
plans announced for Noida
earlier this year. Reflecting the
local community’s need for
more than shopping. the new
meeting place will set the
standard for the next
generation of sustainable
mixed-use destinations, acting
as a lively gathering place for
leisure, entertainment and retail
in one of the world’s fastest
growing markets.
The estimated investment for the project is around €400 million (Rs.3500 crores). While
construction will start in early 2022, the new meeting place is expected to generate
more than 2500 jobs and will contribute to further growth of organised retail in
India.
Ingka Centers’ move to India is a part of its strategy to expand into new markets
and to shape a portfolio of retail-led destinations that are fit for the future and
appeal to all.
Catering to the Gurugram and Delhi National Capital Region’s growing population
and built around the needs of the local community, the meeting place is expected
to welcome more than20 million people annually who will come to shop, work, eat,
exercise, learn, socialise and be inspired.
Ingka Center’s 52nd meeting place will offer a vibrant mix of hospitality, food and
beverage, ‘edutainment’ learning spaces, alongside a wide retail offer anchored by
an IKEA store. It is being developed to act as a local community hub, with spaces
for festivals and exhibitions throughout the year. The destination is well connected
to public transport and will further improve with a nearby metro line planned by city
authorities to open soon, creating cleaner and greener ways of travelling to and
from the new meeting place. Ingka Centre’s will work closely with local authorities to
enable a convenient and direct access to the metro.
The new meeting place will be developed under the new Livat brand, a Swedish
word that means ‘a lively happening’ and reflects Ingka Centre’s vision to create a
better everyday life by providing easy access to wellbeing, a sustainable lifestyle
and belonging, while meeting everyday needs.
The brand name is connected to the company’s Swedish heritage and shares
common roots with IKEA’s vision and values.
Cindy Andersen, Ingka Centre’s Managing Director, commented: “We are on a journey
to reachmore people through more developments in more markets. India is an exciting
opportunity for us and our partners to bring new experiences to customers and to develop
meeting places that bring value to communities and the planet. We know that when it
comes to retail and leisure, change is the only constant. This is why our first Livat meeting
place in India will be adaptable, with multiple offerings to match consumer lifestyles long into
the future. We want to create destinations that make it easier for people to live even happier,
healthier and more sustainable lifestyles – this will be our goal atGurugram.”
Peter Betzel, CEO and CSO, IKEA India said, “We are happy to announce our IKEA store
in Gurugram together with Ingka Centre’s. India is an exciting country for IKEA, and we have
a long-term commitment to reach the many people with our omni channel approach.
Delhi NCR will be one of ourbiggest and most important markets in India and we can’t
wait to meet and inspire the many people in that region with our beautiful, affordable, well
designed and sustainable home furnishing products and solutions.”
Health, sport, nature, and sustainability will all play a key role in the concept. Livat
Gurugram will reflect best practice in energy and water efficiency. In line with Ingka
Centers’ people and planet positive strategy the meeting place has been awarded
LEED Gold precertification, with 100 per cent water recycling, sustainable
construction techniques, renewable energy sourcing and chargepoints for electric
vehicles. Spaces designed to meet the needs of busy people will encourage
relaxation, good mental health and well-being.
The new meeting place will deliver a seamless omni channel experience for
customers. From ordering goods online, to personalising their experience at the
center, or just finding their way around, digital channels will help bring together
communities of interest and enrich every visit through a state-of-the-art digital
infrastructure.
“We welcome IKEA and Ingka
Centre’s to the state of Haryana. We
look forward to this partnership with
IKEA and Ingka Centre’s to build
organized retail and meet the
growing needs of consumers in the
State and the region. The
government is committed to provide
best support to facilitate a smooth
investment flow into the state. This
project will not only establish
Gurugram as one of the newest
shopping destinations but also provide employment in the region. We strongly believe in
Heart 2 Heart Approach, over just having a business relation with the investors. This step is yet
another validation of our development plans for the region.” Shri Manohar Lal, Hon'ble
Chief Minister of Haryana
ABOUT INGKA CENTRES
Ingka Centre’s is part of the Ingka Group (which also includes IKEA Retail and Ingka
Investments). Ingka Centre’s has more than 40 years of experience in shopping
centersand today works with 1,600 brands across its portfolio of 47 shopping center’s
in 16 markets. Centre’s locations appear under different trademarks, including MEGA
in Russia and LIVAT in China, always anchored by an IKEA store. Ingka Centre’s hosts
and serves more than 370 million visitors each year at its IKEA anchored meeting
places. Ingka Centre’s creates its meeting places by collaborating with local
communities, as well as its tenants and partners, to ensure theyare destinations with
emotional meaning that add value and build social connections.
ABOUT INGKA GROUP
With IKEA retail operations on 32 markets, Ingka Group is the largest IKEA retailer and
represents about 90% of IKEA retail sales. It is a strategic partner to develop and
innovate the IKEA business and help define common IKEA strategies. Ingka Group
owns and operates IKEA sales channels under franchise agreements with Inter IKEA
Systems B.V. It has three business areas: IKEA Retail, Ingka Investments and Ingka
Centre’s.
ABOUT IKEA INDIA
IKEA India, part of Ingka Group opened its first retail store in Hyderabad in August
2018. The Navi Mumbai store opened in December 2020 and two city centre stores
will open in Mumbai during 2021. IKEA has online presence today in Mumbai,
Bengaluru, Hyderabad, Pune, Ahmedabad, Surat, and Vadodara. The ambition is to
enter prioritized markets in India with an omni channel approach with beautiful,
affordable, good quality and sustainable home furnishings products. IKEA has been
sourcing from India for 35+ years with close to 50 suppliers, 45,000 direct employees
and 400,000 people in the extended supply chain in India producing for IKEA stores
worldwide. IKEA also works with Indian social entrepreneurs, engaging 1500+ women
artisans to produce unique limited-edition products for its global stores.
For more information, please visit: www.ingkacentres.com