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flag IKEA India leases 120K sq ft in Bengaluru’s sustainable tech park, set to open Q1 2026.

flag 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. flag The space will be handed over in the first quarter of 2026, with operations to follow. flag 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. flag The development is projected to generate Rs 1,870 crore in surplus, boosting value in South Bengaluru’s growing commercial corridor. flag Colliers advised on the transaction.

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