Lulu group betting on UP’s Prayagraj, Banaras, Gorakhpur, Kanpur for hypermarkets

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Hypermarkets in small cities of Uttar Pradesh and Kerala: UAE’s Lulu Group plans to increase its hypermarket presence to smaller cities in Kerala and Uttar Pradesh, along with proposing important mall developments in Ahmedabad and Higher Noida. In response to a senior government quoted by ET, the corporate is eyeing cities like Uttar Pradesh’s Prayagraj, Gorakhpur, Kanpur, and Banaras as potential places for small-scale malls with a hypermarket focus.
Moreover, Lulu Group is at present within the strategy of setting up 5 comparable properties in Kerala. Jayakumar Gangadharan, the regional director of Lulu Lucknow, instructed ET that the group has efficiently secured authorities partnerships for Banaras, Prayagraj, Gorakhpur, and Noida.
The chief mentioned that the meals park in Noida is nearing completion. Higher Noida can also be into account for a mall, which is predicted to exceed a million sq. ft in dimension, Gangadharan added.
With a 2.2 million-square-foot mall already working in Lucknow, the corporate now intends to open 2-3 standalone hypermarkets within the metropolis. In the meantime, the shops in Prayagraj, Gorakhpur, Kanpur, and Banaras are set to cowl an space of 3-4 lakh sq ft.
Gangadharan famous that the Lulu group has acquired quite a few requests from inside Lucknow and close by cities to determine hypermarkets. After conducting surveys, we’re shifting ahead with these plans, the chief mentioned.
In response to Gangadharan, Lucknow is poised to turn into the flagship location for these malls. Gangadharan cited important demand from prospects in areas like outdated Lucknow, Mahanagar, Sitapura Street, and Gomti Nagar. The corporate has already recognized a number of potential properties inside Lucknow and is planning to inaugurate 2-3 of them within the close to future.
As shopper discretionary spending goes up, tier II and tier III cities throughout the nation are witnessing a bump up in demand. As customers search for higher and centralized procuring expertise, hypermarkets are more likely to come up in a giant means in small cities.

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