Puravankara leases 1.2 lakh sq ft retail spaces to IKEA India in Bengaluru

New Delhi, Nov 17 (PTI) Realty firm Puravankara Ltd has given on lease around 1.2 lakh sq ft retail space to Swedish furniture retailer IKEA in Bengaluru.

In a regulatory filing on Monday, the company informed that it has signed an Agreement to Lease (ATL) with IKEA India for leasing of two floors of retail space at the Purva Zentech Park, located on Kanakapura Road, Bengaluru.

The project is a mixed-use commercial development with about 9.6 lakh square feet of leasable and saleable area. The project is currently under construction and is slated for completion by early 2026.

IKEA India will occupy retail space of more than 1.2 lakh square feet of leasable area across two floors, it said.

Real estate consultant Colliers’ office services team was the advisor on this transaction.

As of September 30, 2025, Puravankara has completed 93 projects totalling 55 million sq ft across nine cities—Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. PTI MJH MJH MR