India

Ingka Centres Launches ₹5500 Crore Meeting Place In Noida With IKEA Store

Ingka Centres, part of the Ingka Group, unveiled “Lykli,” its second meeting place in India, in Noida. With an investment of ₹5500 crore, the project is expected to create over 9,000 jobs. This mixed-use development will include an IKEA store, retail spaces, dining, entertainment, and co-working facilities.

The project aims to attract over 25 million visitors annually and will be a key destination in Noida and the Delhi NCR region. Lykli will also include eco-friendly features, aiming for LEED Platinum and WELL Gold certifications.

Economic Boost for Noida

At the launch event, Uttar Pradesh Chief Minister Yogi Adityanath called the project a significant step toward modern urban living in the state. He emphasized that it aligns with the vision of sustainable, community-focused development.

Industrial Development Minister Nand Gopal Gupta welcomed Ingka Centres and IKEA to Uttar Pradesh. He highlighted how the investor-friendly policies will help the project reach its full potential and benefit the local economy.

IKEA’s Commitment to India

Sebastian Hylving, Global Expansion Director at Ingka Centres, said the Noida project is a key milestone in Ingka’s global expansion. The development is designed to serve Noida’s growing population and foster community interaction.

Susanne Pulverer, CEO of IKEA India, said this is an important step in IKEA’s growth in India. She emphasized the brand’s commitment to providing affordable home décor while contributing to the local economy.

Lykli Noida will be the first Ingka Centre in the world to include a hotel as part of its mixed-use design. Sustainable transportation will be prioritized, with direct access to two metro stations, 70 EV charging points, and 4,500 parking slots.

Also Read: India Celebrates Record Paralympic Success; PM Modi Praises Historic Medal Haul

Ajaypal Choudhary

Recent Posts

JP Nadda Slams Rahul Gandhi’s ‘Match-Fixing’ Claims As ‘Desperation Of Losing’ Polls

Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…

5 hours ago

Poverty In India Reduced Via Tangible Boost In Household Living Standards, Incomes

In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…

5 hours ago

Chhattisgarh: Seven Maoists Killed In Indravati National Park Operation

Five Maoists were killed in two separate encounters with security forces in Chhattisgarh’s Bijapur district,…

6 hours ago

Carney Invites Modi To G7 Summit, Highlights India’s Global Supply Chain Role

Canadian Prime Minister Mark Carney said the most populous country, with the fifth-largest economy, must…

6 hours ago

RBI Frontloads Rate Cuts To Boost Growth Amid Low Inflation: Crisil

The Reserve Bank of India (RBI) has frontloaded its rate cuts to support economic growth,…

7 hours ago

PM Modi Urges Global Action On Coastal Resilience At Nice Summit

PM Narendra Modi on Saturday called for urgent global action to build infrastructure that can…

7 hours ago