IKEA to lease space in R City Mall
Global home furnishing company IKEA, for the first time ever across the world, is set to lease space in a retail mall to open its store.
The Swedish company is in advanced talks with realty developer Runwal Group to lease nearly one lakh sq ft spread over two floors at R City Mall in Mumbai’s Ghatkopar suburb, three persons with direct knowledge of the development said.
IKEA is known for its massive stores. However, the company is likely to approach Mumbai, the country’s most expensive realty market, with a different plan.