Ingka Centres and IKEA Plan Major Complex in Delhi NCR

Ingka Centres, part of Ingka Group that includes the IKEA Scandinavian home furnishings chain, plans to build the INR5,500-crore (US$669-million) Lykli Noida mixed-use complex that “represents a new era of retail destinations in the Delhi National Capital Region (NCR)” of India, INGKA^TM announced in September. Situated in NCR’s Sector 51 approximately 15 km east of the Delhi city center, Lykli Noida consists of two, 41- and 25-story towers in a “U” formation anchored by an IKEA store and including a hotel, offices, restaurants and entertainment spaces. Described by INGKA as a “meeting place,” the complex will be designed to wed Indian and Scandinavian cultures. Set to open in a few years, Lykli Noida will be Ingka Centre’s first complex to include a hotel. It is expected to create more than 9,000 jobs and attract more than 25 million visitors annually.