IKEA to Set Up Site Office in Noida in November 2021
IKEA is likely to set up its site office in Noida Sector 51 before Diwali. Officials in the Noida Authority informed about the company’s plans to chairperson Sanjeev Mittal, who on Monday held a review meeting about the progress of 20 big ticket projects in the city. IKEA has taken 12.3 acres from the Noida Authority to set up its first “meeting place” venture in the country. Apart from the company’s flagship store, the land would be used for commercial mixed use development with shopping and business centres. The deal struck with IKEA was one of the costliest for the Noida Authority in its category and fetched ?850 crore. Mittal, also the infrastructure and industrial development commissioner of Uttar Pradesh, was told that the company had started fencing the area and would soon begin work on the site office. Vipin Malhan, president of the Noida Entrepreneurs Association, said, “Review of big ticket investments is a good idea. But the issues and problems of existing industrial allottees who are giving employment and adding to the state’s income should be also considered. We have been highlighting the arbitrary manner under which CIC (change in constitution) charges have been introduced in Noida and Greater Noida. No other government agency is charging it.
Tags : ALLIED Uttar Pradesh IKEA Noida Authority Deal Site Office Shopping and Business Centres Sanjeev Mittal Noida Entrepreneurs Association