Archive · 25 Oct 2025
Ikea Leases Pune Retail Space, Expanding Indian Presence
Ikea, a furniture store, is opening a new store in Pune, India.
They've rented a big space in a shopping center.
They started selling online in Pune in 2020.
This new store will have a lot of items for your home.
Ikea already has stores in other cities like Hyderabad and Mumbai.
The company is excited to offer a complete shopping experience in Pune.
The store plans to open with the full experience of a city store.
They are also planning to open another outlet in Chennai.
Ikea India leased 37,259 sq ft of retail space in Pune.
The space is located in Phoenix Marketcity, Viman Nagar Road.
The lease term is for four years and eleven months.
Ikea will pay a monthly rent of Rs 38.12 lakh.
Ikea launched e-commerce in Pune in January 2020.
- Who
- Ikea India
- What
- Leased retail space in Pune
- When
- Lease commenced September 25, 2025
- Where
- Phoenix Marketcity, Pune
- Why
- To expand its presence in the Indian market
- Company
- Ikea India
- Location
- Phoenix Marketcity, Viman Nagar Road, Lohegaon, Pune
- Lease Area
- 37,259 square feet
- Lease Term
- 4 years and 11 months
- Monthly Rent
- Rs 38.12 lakh
- Total Agreement Value
- Rs 3.06 crore
- Security Deposit
- Rs 1.15 crore paid (Rs 2.3 crore agreed)
- Lease Commencement
- September 25, 2025