Lulu to be anchor tenant at Emaar’s Mall of Srinagar

Lulu to be anchor tenant at Emaar’s Mall of Srinagar

Rs2.5 billion project will be built on 1 million square feet of area and be ready by 2026

Lieutenant Governor Manoj Sinha along with Rejith Radhakrishnan, Chief Operating Officer of Lulu India and Amit Jain, Group CEO of Emaar at the Foundation stone laying ceremony of Mall of Srinagar in Sempora, Srinagar, J&K. - Supplied photo

Published: Mon 20 Mar 2023, 4:13 PM

In a big thrust for the development of Jammu & Kashmir, the Lieutenant Governor Manoj Sinha on Monday laid the foundation stone for the Mall of Srinagar, being developed by Dubai-based Emaar. Middle East retail major Lulu Hypermarket will be the anchor tenant of this ambitious project.

An MoU to this effect was was signed by Rejith Radhakrishnan, Chief Operations Officer of Lulu India and Amit Jain, Group CEO of Emaar on the side lines of groundbreaking ceremony of Mall of Srinagar at Sempora in Srinagar. The Rs2.5 billion project will be built on 1 million square feet of area and be ready by 2026.

As per the MoU, LuLu Group will be setting up its first hypermarket in J&K at the Mall of Srinagar with an approx. size of 100,000 sq. feet. and will employ about 1,500 youth from the state