NEW DELHI: Puravankara has entered into a lease agreement (ATL) with Ikea India for over 1.2 lakh sq ft of retail space at Purva Zentech Park on Kanakapura Road, Bengaluru.
Purva Zentech Park is a mixed-use commercial project featuring approximately 9.6 lakh sq ft of leasable and saleable area. Currently under construction, it is expected to be completed by early 2026.
Ikea will take up the first and second floors, with the space slated to be handed over in Q1 2026, and operations planned to begin thereafter. Ikea India has opted not to comment.
Colliers India’s office services team facilitated this transaction but also declined to comment.
Rajat Rastogi, CEO of West & Commercial Assets at Puravankara, stated, “This move to occupy over 1.2 lakh sq ft across two floors reflects strong confidence in the project’s prime location, intelligent design, and flexible retail format.”
Currently, Puravankara has a commercial development pipeline of 3.2 million sq ft, with nearly two million sq ft expected to receive occupancy certificates within the current financial year.
