Ikea India Pvt. Ltd has leased 37,259 sq. ft of space at in Pune’s for its first store in the city. The lease is for a , with a . The agreement was registered on , according to real estate data platform .

The Swedish home furnishings retailer has been expanding its in India as part of its broader . In August, Ikea opened a at in New Delhi and has also announced expansion plans in in its next growth phase.

Ikea originally entered India’s retail market in , after receiving approval under the country’s rules. The retailer currently operates in , along with several . The company also offers across various locations including , other cities in , and in states such as .

“Ikea’s lease at Phoenix Marketcity, Pune, marks a significant milestone for India’s retail real estate landscape. The trans

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