Multinational Conglomerate Lulu Group plans to construct the largest shopping mall in Ahmedabad this year, as per MA Yusuff Ali, Chairman and Managing Director, Lulu Group International.
The UAE-based retailer will build the mall with an estimated investment of Rs 4,000 crore. It further plans to launch two new malls in Chennai and Ahmedabad and six neighbourhood centres in Kerala.
Last year, the Lulu Group launched two new malls in Hyderabad, Telangana and Palakkad, Kerala. It currently has malls across Kochi, Thiruvananthapuram, Triprayar, Bengaluru, Lucknow, Hyderabad and Coimbatore.
Founded in 2000 by Kerala-based entrepreneur MA Yusuff Ali, Lulu Group International is based in Abu Dhabi, United Arab Emirates. The group currently operates malls, hypermarkets and retail companies across GCC countries, Egypt, Malaysia, Indonesia and India. It has over 250 hypermarkets and 25 shopping malls across 22 nations.
