12 Malls in the next three years..? Lulu's Master Plan!
12 Malls in the next three years..? Lulu's master Plan!
Kozhikode, Tirur, Perinthalmanna, Kottayam, palakkad and Noida, Varanasi, Prayagraj, ahmedabad (in Uttar Pradesh), hyderabad, Bengaluru, and Chennai. Lulu Group plans to open 12 malls across india in the next three years, expanding to a total of about 5 million square feet, according to its director.
12 malls in 3 years:
The UAE-based group, which plans to invest over Rs 19,000 crore to develop malls, hypermarkets, food processing centers, and related businesses, will set up malls in Noida, Gurugram, Chennai, and Bengaluru, it said in a statement. They have planned to set up 12 malls in the next three years in various places like Kerala's Kozhikode, Tirur, Perinthalmanna, Kottayam, palakkad and Noida, Varanasi, Prayagraj, ahmedabad (in Uttar Pradesh), hyderabad, Bengaluru, and Chennai, said Shibu Phillips, director - Malls, Lulu Group India. The news has been published.
In the future, we will add another 2 million sq. ft. when we open 5 malls in Kerala. 2 million sq. ft. in ahmedabad and one million in Chennai, half a million in hyderabad for a total of 4.5 million If Square Feet and Pragyaraj come in, we will have reached 5 million in total," Phillips said.
He further said that an important market for Lulu Group is Uttar Pradesh. They are in the process of acquiring land for this in Prayagraj and Varanasi, after which they will focus on Kanpur. We have already invested Rs 2,000 crore in Lucknow. 500 crores have already been allocated and we are also bringing up a food processing center in the state. A further Rs 2,000 crore expansion is planned for hypermarkets and malls in Uttar Pradesh,” Phillips added.
Kozhikode, Tirur, Perinthalmanna, Kottayam, palakkad and Noida, Varanasi, Prayagraj, ahmedabad (in Uttar Pradesh), hyderabad, Bengaluru, and Chennai. Lulu Group plans to open 12 malls across india in the next three years, expanding to a total of about 5 million square feet, according to its director.
12 malls in 3 years:
The UAE-based group, which plans to invest over Rs 19,000 crore to develop malls, hypermarkets, food processing centers, and related businesses, will set up malls in Noida, Gurugram, Chennai, and Bengaluru, it said in a statement. They have planned to set up 12 malls in the next three years in various places like Kerala's Kozhikode, Tirur, Perinthalmanna, Kottayam, palakkad and Noida, Varanasi, Prayagraj, ahmedabad (in Uttar Pradesh), hyderabad, Bengaluru, and Chennai, said Shibu Phillips, director - Malls, Lulu Group India. The news has been published.
In the future, we will add another 2 million sq. ft. when we open 5 malls in Kerala. 2 million sq. ft. in ahmedabad and one million in Chennai, half a million in hyderabad for a total of 4.5 million If Square Feet and Pragyaraj come in, we will have reached 5 million in total," Phillips said.
He further said that an important market for Lulu Group is Uttar Pradesh. They are in the process of acquiring land for this in Prayagraj and Varanasi, after which they will focus on Kanpur. We have already invested Rs 2,000 crore in Lucknow. 500 crores have already been allocated and we are also bringing up a food processing center in the state. A further Rs 2,000 crore expansion is planned for hypermarkets and malls in Uttar Pradesh,” Phillips added.