Global home furnishing brand IKEA has secured over 37,250 square feet of prime retail space at Phoenix Marketcity Mall in Viman Nagar, Pune, marking another strategic milestone in its Indian expansion journey with a long-term lease agreement valued at ₹38.12 lakh monthly rent.

IKEA India launches its first Delhi-NCR store with a 15,000 sq ft city-format outlet at Pacific Mall, marking a strategic shift toward urban accessibility and omnichannel retail expansion