U.P. CM Yogi Adityanath Lays Foundation Of ₹5,500-crore Ikea Store In Noida

Uttar Pradesh Chief Minister Yogi Adityanath on Monday laid the foundation stone for the IKEA store in Noida through a virtual event from Lucknow. The store, located in Noida Sector 51, is seen as a key investment milestone for the state, reflecting the growing confidence of both domestic and international investors. Ingka Centres, part of the Ingka Group which includes IKEA Retail and Ingka Investments, has announced a major investment of Rs 5,500 crore to establish its second meeting place in India under the Lykli brand. The new project, located just behind Sector 51 and Sector 52 metro stations, is expected to cater to the needs of modern urban residents through a mix of retail, dining, co-working spaces, entertainment, and cultural experiences. The project is likely to be completed by 2028.