IKEA India expansion now includes two mixed-use developments near Delhi, in Gurgaon and Noida, each spanning 2.5 million square feet. CEO Patrik Antoni described them as the company’s biggest investment anywhere in the world, in an interview reported by The Core on 14 October 2026.
Each project will combine an IKEA store with shopping centres, offices and hotels. The company expects them to be ready in a few years.
What Is IKEA Planning in Gurgaon and Noida?
Antoni said the idea is to benefit from the footfall IKEA generates and use it to earn other income. Hotels and offices also make use of the floor space index (FSI) available in India.
IKEA is moving away from its traditional stores of about 400,000 square feet on city outskirts. It now plans smaller formats of about 70,000 and 25,000 square feet in malls and possibly on high streets.
How Big Is IKEA’s Business in India?
Online accounts for about 30% of IKEA’s sales by value in India. Delhi and Bengaluru are the biggest markets. A second large Bengaluru store is due in November, with more to follow over the next year, and a smaller store is also opening in Pune.
What Does This Mean for India’s Furniture Sourcing?
IKEA sources about EUR 400 million (Rs 4,000 crore) worth of products from India, most of which are exported. It opened a product development centre in India about six months before the interview, joining centres in China, Sweden and Vietnam. The company has introduced mango wood products and is exploring other local materials.
Antoni cited certified wood, modern factory infrastructure and machinery as hurdles to expanding furniture sourcing from India.
Market Reaction and Industry Response
IKEA’s India business is privately held, so there is no stock-market reaction. No comment from Indian furniture trade bodies or competitors was found in the sources reviewed.
What Happens Next?
The second large Bengaluru store is due in November. The Gurgaon and Noida hubs are expected in a few years, with no firm dates or investment figures disclosed. Watch for site approvals, the rollout of the smaller store formats, and any widening of Indian sourcing.
Frequently Asked Questions
What are IKEA’s new projects near Delhi?
IKEA plans two mixed-use developments in Gurgaon and Noida. Each spans 2.5 million square feet and combines a store with shopping centres, offices and hotels.
Will IKEA open smaller stores in India?
Yes. IKEA plans formats of about 70,000 and 25,000 square feet in malls and possibly on high streets, instead of only its traditional 400,000-square-foot stores.
How much does IKEA source from India?
IKEA sources about EUR 400 million (Rs 4,000 crore) worth of products from India, most of which are exported.
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