1. Lulu Group to invest Rs 2,000 crore in shopping mall

Lulu Group to invest Rs 2,000 crore in shopping mall

Lulu Group, the Abu Dhabi-based international retailer, is developing its second Lulu Shopping Mall, hotel and international convention centre at an investment of Rs 2,000 crore here.

By: | Thiruvananthapuram | Published: August 12, 2016 8:40 PM
Kerala Chief Minister Pinarayi Vijayan will lay the foundation stone for the mixed use project on August 20, a company release said. (PTI) Kerala Chief Minister Pinarayi Vijayan will lay the foundation stone for the mixed use project on August 20, a company release said. (PTI)

Lulu Group, the Abu Dhabi-based international retailer, is developing its second Lulu Shopping Mall, hotel and international convention centre at an investment of Rs 2,000 crore here.

Spread over 19 acres of land located at the National Highway in Akkulam, this will be the second biggest shopping mall in the country after the Lulu mall in Kochi, the compay claimed.

Kerala Chief Minister Pinarayi Vijayan will lay the foundation stone for the mixed use project on August 20, a company release said.

M A Yusuff Ali, Managing director of Lulu Group, said the mall, slated to open by early 2019, will house Lulu hypermarket as anchor store and will include some of the best brands in fashion, cosmetics, home furnishing, jewellery and will also feature an amusement centre, multiplex, and the biggest food court.

Being built at an estimated cost of Rs 2,000 crore (USD 300 million), Lulu Mall has built up area of more than 2 million square feet in four floors along with hotel and Convention center.
The project is the largest private investment in Kerala in recent times.

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