19 October 2022, Mumbai:
Lulu Group International, UAE based is poised to foray into Ahmedabad, Gujarat with an indicated CAPEX of ₹3,000 crores promising to be India's biggest shopping mall to date as we write, alluded," Lulu Group Director of Marketing and Communications V Nandakumar also mentioned that the building & construction of the shopping mall to will begin sometime in early 2023.
Lulu group, which has built five shopping malls in India with a Rs 7,000 crore investment, now plans to develop about a dozen more malls as the UAE-based group sees huge growth opportunities in the Indian retail space.
Lulu group, UAE owner Yusuff Ali is very bullish on India's growth story & Lulu Group’s other malls are located in Kochi, Thrissur, Trivandrum, Bangalore, and Lucknow, entailing some about 3.7 million square feet of leasable area.
