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IKEA India leases 120K sq ft in Bengaluru’s sustainable tech park, set to open Q1 2026.
Puravankara Limited has signed a lease agreement with IKEA India for 1.2 lakh square feet of retail space across two floors at Purva Zentech Park in Bengaluru, a sustainable, IGBC Gold-rated development expected to be completed by early 2026.
The space will be handed over in the first quarter of 2026, with operations to follow.
Located near Konankunte Metro Station and Forum Mall, the project features modular units and is part of Puravankara’s 3.2 million square feet commercial pipeline, with nearly 2 million square feet set to receive occupancy certificates this financial year.
The development is projected to generate Rs 1,870 crore in surplus, boosting value in South Bengaluru’s growing commercial corridor.
Colliers advised on the transaction.
IKEA India arrenda 120K pies cuadrados en el parque tecnológico sostenible de Bengaluru, que se abrirá en el primer trimestre de 2026.