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Lulu Group to develop Rs 4,000 cr shopping mall in Ahmedabad

Thursday, 11 Jan 2024
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UAE-based retailer LuLu Group is set to build India's biggest shopping mall in Ahmedabad, Gujarat with an estimated cost of Rs 4,000 crore.

On the sidelines of the ongoing Vibrant Gujarat Global Summit, the company has announced that the construction for the proposed shopping mall will start in 2024. A miniature has been put up for display at the UAE stall in Vibrant Gujarat.

In September 2023, the Group announced its plan to set up two large shopping malls in India- Ahmedabad and Chennai as well as it will also consider different states for shopping malls and food processing. In addition, the Group will be opening its shopping mall in Hyderabad by the end of this month.

Presently, LuLu Group has malls in six Indian cities- Kochi, Thiruvananthapuram, Bengaluru, Lucknow, Coimbatore, and Hyderabad being the latest. It operates over 250 hypermarkets and supermarkets and is popular with shoppers across the GCC, Egypt, India, Indonesia, and Malaysia. It employs more than 65,000-plus strong workforce from 42 different nations and has an annual turnover of USD eight billion globally.

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