Lulu Group to invest Rs. 2,000 crores in Thiruvananthapuram


Trivandrum: The Abu Dhabi based international retailer, Lulu Group is developing its second Lulu shopping mall, hotel and international convention in Kerala at Thiruvananthapuram. Spread over 19 acres of land at the NH Bypass in Akkulam, this will be the second biggest shopping mall in the country after the Lulu mall in Kochi.

Kerala Chief Minister, Shri Pinarayi Vijayan is expected to lay the foundation stone for the mixed use project on August 20, 2016. According to Yusuff Ali MA, Managing Director of Lulu Group, slated to open by early 2019, the project will house Lulu hypermarket as anchor store and will include some of the best brands in fashion, cosmetics, home furnishing, jewellery and will also feature an amusement centre, multiplex, and the biggest food court.

Being built at an estimated cost of Rs. 2,000 crores (US$ 300 million), the proposed Lulu Mall in the capital city will have a built up area of more than 2 million sq. ft. in four floors along with hotel and Convention center. The project is the largest private investment in Kerala in recent times.

Other attractions include a family amusement centre, a food court with a capacity of 3,500 guests, restaurants, coffee shops and a nine-screen multiplex. The mall, designed by UK-based Design International consultants, will have parking for 3,000 cars with easy access from all main roads and will adopt latest traffic management system. The shopping mall will be environmental friendly and will adopt LEED certificate specification for echo friendly.

The project also includes a 150-room luxury hotel which will be adjacent to the mall and an international convention center.

Kerala Biz News


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