The five-storey outlet, which includes three levels of retail space, a market hall, showroom, restaurant, playground, a day care centre and two levels of basement parking, will be built on a 5.2ha site.
The project will have a total build-up area of approximately 40,000 sq m plus parking.
The scope of the construct-only contract includes the delivery of civil and structural works, mechanical, electrical and plumbing services, and façade and external works.
CIMIC Group CEO, Adolfo Valderas, said: “We are pleased to be the key player in delivering IKEA’s flagship store in India and to contribute our international experience and local expertise to ensure an efficient and effective construction programme.
“Not only is this a major milestone for IKEA but it is also one of significance for CIMIC Group and Leighton Asia in terms of securing this important contract with one of the world’s biggest home furnishing brands.”
Construction work on the new store has already started and is expected to be complete by early 2018.
* Data provided by Timetric's Construction Intelligence Center.