Bengaluru: Swedish home furnishings major is reportedly planning to set up its second store in Bengaluru at Purva Zentech Park, according to the developer Puravankara Group. The company has leased the first and second floor of the upcoming development, which is slated for completion by early 2026.
The project is just a short walk away from Bengaluru’s famous Forum Mall and the Konankunte Metro Station, with the developer applying for the Indian Green Building Council (IGBC) Gold certification for it.
“We are excited to onboard IKEA at Purva Zentech Park. Their decision to occupy retail space of more than 1.2 lakh square feet of leasable area across two floors is a strong endorsement of the project’s strategic location, smart design, and adaptable retail layout. With Bengaluru’s leasing activity showing consistent growth, especially in the southern corridor, we are confident the project will become a vibrant hub for both business and lifestyle. IKEA’s presence marks a significant beginning and will play a key role in shaping the project’s appeal and tenant mix.” Rajat Rastogi, CEO, West & Commercial Assets, Puravankara Limited, said in a press release to the bourses.
IKEA, which already operates a store at Nagasandra, hasn’t commented on this yet. To date, the furniture retailer has planned to expand its physical reach to Pune, Chennai and Delhi NCR, but it hasn’t mentioned about a second store in Bengaluru yet. Updates from IKEA are awaited.
