Lulu Group will spend Rs 3,000 crore to build India’s largest mall in Ahmedabad.

Lulu Group will spend Rs 3,000 crore to build India’s largest mall in Ahmedabad.

The UAE-based retail behemoth Lulu Group International, a major investor in big ongoing and prospective projects throughout India, has exposed its plans to build India’s largest shopping complex in Ahmedabad with a Rs 3,000 crore investment.

The corporation stated that construction is expected to start early next year. The huge shopping mall’s foundation stone will be placed early in the new year after final negotiations to purchase the site for this project have been completed. According to the company, the mall will feature over 300 global brands, a food court with a seating capacity of 3000 people and restaurants serving a variety of cuisines, 15-screen multiplex movie theatres with Imax, India’s largest children’s entertainment complex, and many other attractions.

Lulu Group is a well-known global provider of an international business portfolio that includes everything from hypermarket processes to shopping mall development, manufacturing and trade of goods, hospitality resources, and real estate. Lulu, The company, is headquartered in Abu Dhabi, the capital of the United States Arab Emirates. Most of the 23 countries where LuLu Group conducts business are in the U.S., Europe, Asia, and the Middle East.

Following the signing of an MoU between Lulu Group International and the Gujarati government during the chief minister of Gujarat’s recent UAE roadshow in Dubai, Lulu Group International has announced a massive investment. Throughout the meeting, Lulu presented its comprehensive project and new investments for the state.

“With the largest Lulu Hypermarket serving because it is the anchor store, this will be India’s largest shopping mall. With all of its cutting-edge amenities and places of interest, we are confident that this shopping mall with dozens of brands will not only draw domestic and foreign visitors to Ahmedabad but will majorly support regional business owners and the agricultural industry, said Ananth Ram, the Group’s Director of Indian Processes.

There is little doubt that this shopping complex will be a landmark attraction for everyone in India and overseas, according to V Nandakumar, the Group’s Director of Marketing and Media. “Our purpose is to establish Ahmedabad to be one of the popular shopping destinations in India,” he added.

Gujarat has advanced majorly under the vibrant direction of Narendra Modiji, the state’s former chief minister and the present-day prime minister, and under the sage guidance of Bhupendra Patel, Gujarat’s current chief minister. Gujarat is now a destination because of its cutting-edge infrastructure and business-friendly environment.

Gujarat is very dear to me because that is where I learned the fundamentals of business and where my members of the family operated, according to Yusuff Ali MA, managing director and chairman of Lulu International Limited.

Currently, the Lulu Group has 240 superstores and shopping centers across ten nations. The group owns five mega malls in Uttar Pradesh, Kerala, and Karnataka, India. According to Nandakumar, site acquisition for this project is nearly complete, and the big shopping mall’s foundation will be set early in 2019. There will be 300 international and national name stores in the mall overall. A cafe with a 3000-person capacity will be present.

In addition, a 15-screen multiplex cinema hall will be present. He said this mall would house the biggest children’s amusement park in India. The construction of the Rs 3,000 crore shopping complex, which would include all contemporary amenities, will start early next year, according to V. Nandakumar, director of marketing and advertising for Lulu Group.

This will be the third mall the Lulu Group has built in the country, following those in Cochin (Kerala) & Lucknow (Uttar Pradesh). He continued by saying that the state would gain more than 12,000 indirect employment in addition to 6,000 direct jobs.

The story was confirmed by Nandakumar to PTI, who said: “The massive shopping mall’s cornerstone would be laid early next year. Discussions to buy the property to build this development are nearly finished.

In addition to having over 300 domestic and foreign businesses, the Ahmedabad shopping complex will contain 15 multiplex theaters with Imax, India’s biggest children’s theme park, a food court with places that serve a variety of cuisines and space for 3,000 people, and more.

Lulu Group, well-known for its extensive commercial ventures throughout the globe, is now growing in India after establishing a solid foothold in the nation’s southern regions for many years.

The Abu Dhabi-based firm operates its well-known supermarkets in the regions of Kochi, Bengaluru, and Thiruvananthapuram, in addition to providing supermarkets, food processing, real estate, and financial services. In July of this year, it had already let the public into its sizable supermarket in Lucknow.

Lulu Group, with its headquarters in Abu Dhabi, primarily conducts business in 23 countries spread over the Middle East, China, the U.S., and Europe. It employs approximately 60,000 people and has an 8 billion USD yearly revenue.

The organization’s driving power and charming, well-connected businessman Yussuf Ali M.A., 66, has been growing his commercial operations over time. Yussuf Ali, who was raised in Gujarat before coming to the Keralan region of Thrissur to pursue a career in business management, is renowned for his financial prowess and charitable deeds.

In 2000, he launched Lulu Hypermarket, which is presently active in 22 countries in the Middle East, Asia, the United States, and Europe. It features a total of 235 retail locations.

The retail division, LuLu Hypermarket, has a reputation for making the trends in the local retail market. It has more than 200 locations and enjoys big popularity among affluent consumers in the GCC, Egypt, India, Indonesia, and Malaysia.

edited and proofread by nikita sharma