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    <title>Ikea set to enter Pune; leases 37,000 sq ft store in a mall</title>
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    <description>Ikea India Private Limited has leased a ground-floor retail unit in Phoenix Marketcity, Pune, from Vamona Developers covering approximately 37,000-37,529 sq ft. The lease deed establishes a fixed-term commercial lease of fifty-nine months with an initial monthly rent and a contractual rent escalation to take effect from the fourth year, and records the respective tenant and lessor commitments for the mall premises operated by Phoenix Mills.</description>
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