Lulu Group to build more malls in India
Real Estate

Lulu Group 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 t...

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 the 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 billion. Contact: Lulu Group E-mail: headoffice@ae.lulumea.com Website: www.lulugroupinternational.com

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Infrastructure Urban

Lulu Group Lists 217-Room Marriott

Lulu Group, a renowned conglomerate with diversified interests, has put up for sale a prime asset in the hospitality sector. The group has listed a luxurious 217-room Marriott hotel located in a strategic location. The move comes as part of their strategic portfolio restructuring efforts. The hotel, valued at a staggering ?400 crore, offers an enticing investment opportunity for potential buyers seeking to enter or expand their presence in the booming hospitality industry.

The Marriott property, situated in a high-demand area, boasts world-class amenities and services that cater to th..

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Real Estate

LuLu Group set to unveil its 1st mall in Hyderabad on Sep 27

LuLu Group, the esteemed UAE-based conglomerate renowned for its diverse business ventures, is all set to make a grand entrance into Hyderabad with the inauguration of its state-of-the-art shopping mall on Wednesday. This substantial investment in the state marks the culmination of extensive discussions and a Memorandum of Understanding (MoU) signed with the State government, a significant milestone achieved during Industries Minister KT Rama Rao's visit to the World Economic Forum in Davos last year.

Spanning a colossal 5 lakh square feet in Kukatpally, in close proximity to JNTU, the..

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Real Estate

VMRDA to Auction 13-Acre Prime Land in Visakhapatnam

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has unveiled plans to auction a prised 13 acre land parcel in the heart of the city. This prime land, originally allotted to the Lulu Group, is set to go under the hammer in a significant real estate development move. The auction marks a pivotal moment in the region's urban expansion strategy.
The decision to auction the land stems from the need to optimise land usage and generate revenue for the city's infrastructure development. The auction process is expected to attract prominent real estate developers and in..

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Real Estate

DLF Launches Luxury Project in Gurugram

DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.

The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..

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Real Estate

Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects

Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.

The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..

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