Swedish home-furnishing giant IKEA India Private is understood to have leased a 37,259 square feet ground-floor retail unit (Unit G-01) at Phoenix Marketcity, Viman Nagar (Lohegaon) from Vamona Developers Private, according to transaction data accessed from real-estate analytics firm CRE Matrix. The registered agreement — dated October 15, 2025 — shows an agreement value of ₹3.06 crore, stamp duty of ₹6.27 lakh, and a starting monthly rent of ₹38.12 lakh for a lease period of 4 years 11 months, claims CRE Matrix.

The deal is notable for Pune’s retail landscape because it brings a large national/international retail brand into a prime mall location at a time when mall leasing activity in Pune is seeing renewed momentum. Pune’s malls accounted for a dominant share of retail leasing in recen

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