"The immediate plan is to set up a large format IKEA store in Noida where we are scouting for suitable land. It will employ around 1,000 co-workers directly and another 1,000 indirectly across the value chain," Betzel said.A typical IKEA store is an average 400,000 sq ft in size. LUCKNOW: After opening its first store in the country in Hyderabad, international furniture and home accessories company IKEA has set its sights on Uttar Pradesh . "Our proposed investment is more than Rs 5,000 crore in the state over the coming years. The store will have an estimated investment of Rs 1,000 crore.