UAE's Lulu Group to invest $300m in Indian mall

UAE's Lulu Group to invest $300m in Indian mall
Kerala Chief Minister Pinarayi Vijayan formally laying the foundation stone of the new Lulu mall in Thiruvananthapuram [Image courtesy: The Peninsula]
Published: 21 August 2016 - 9 a.m.
By: Kim Kemp

UAE-based Lulu group intends developing a hotel and international convention centre for Thiruvananthapuram, the capital city of the southern Indian state Kerala.

The Abu Dhabi-based international retailer is all set to invest $300m (QAR1.09bn) in developing its second shopping mall in Kerala.

The complex will cover 19 acres of land, located at the National Highway in Akkulam, making it the second biggest shopping mall in the country after the Lulu mall in Kochi.

Lulu Hypermarket will serve as the facility’s anchor store, which is slated to open by early 2019.

 

The development will house some of the best brands in fashion and retails, as well as featuring an amusement centre, a nine-screen multiplex, and one of the biggest food courts in the country, with a capacity of 3,500 guests, restaurants, and coffee shops.

The mall has a built up area of more than 609,600m² over four storeys, including the hotel and convention centre.

In his inauguration speech, Chief Minister of Kerala, Pinarayi Vijayan, assured all his support in making this project a grand success and provide jobs to the educated youth of Kerala.

Designed by UK-based Design International, the complex will have parking space for 3,000 cars, and will adopt the latest traffic management system.

The shopping mall will be environmental friendly and will adopt LEED certificate specifications for eco-friendly construction.

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