Lulu group has invested Rs 70 billion in the construction of five shopping malls in India. The group now aims to build approximately a dozen more malls as it sees tremendous development potential in the Indian retail market. The group now operates five malls in India, with 3.7 million sq ft of leasable space each, in Kochi, Trivandrum, Thrissur, Bengaluru, and Lucknow.
In Lucknow, Uttar Pradesh, the group opened a sizable shopping centre with 2.2 million sq ft of built-up area and 1 million sq ft of leasable area last month.
Over 300 foreign and domestic brands can be found at the mall, which was developed for an estimated investment of Rs 20 bn.
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