Lulu Group intends to build more malls in India
Real Estate

Lulu Group intends to build more malls in India

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.

Also read:
Second tunnel boring machine "Tatya" starts tunnelling at Kanpur Metro
Land rate hike by Noida authority to hit housing demand

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. Also read: Second tunnel boring machine Tatya starts tunnelling at Kanpur MetroLand rate hike by Noida authority to hit housing demand

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code