Lulu Group to spend Rs 2,000 cr to form shopping mall near Ahmedabad

15 Dec 2021 CW Team

The UAE-based retail major Lulu Group declared it would pump in Rs 2,000 crore to construct a shopping mall near Ahmedabad in Gujarat as part of its proposals to develop business in India.

The firm has inked a Memorandum of Understanding (MoU) with the Gujarat government. The Lulu Group has three operational malls in India and will launch two more malls by March 2022. The Lulu Group will infuse Rs 2,000 crore in Gujarat to install a modern shopping mall, the firm told the media.

The investment was declared during a meeting between Chief Minister of Gujarat, Bhupendra Patel, and Lulu group Chairman and Managing Director Yusuff Ali MA in Dubai. As per the MOU, the group will install a shopping mall between Ahmedabad and Gandhinagar which will generate employment for over 5,000 people. The development is likely to begin by the first quarter of 2022 and be achieved in 30 months.

The Gujarat government will encourage Lulu Group with all required help and approvals and additionally depute a senior IAS official to follow up the instruction.

Apart from this, the Lulu Group will additionally install food processing and logistics centers in Baroda and Surat for exports in the second phase of investment in Gujarat. The government will make every attempt to guarantee that land and any other help is rendered to the group so that they can start the work. Currently, Lulu runs over 220 hypermarkets and shopping malls in Egypt, the Middle East, Malaysia, Indonesia and India.

Image Source

Also read: First IKEA mall to be set up in Gurgaon at Rs 3,500 crore

Infrastructure Urban

29 Oct 2025

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..