The MoU clarified that Chennai will get the shopping mall in 2024 while Coimbatore is all set to get the Lulu hypermarket by August
Chennai: It comes as no surprise that just after two days after the LuLu group announced an investment of 3,500 crores in TN, a Memorandum of Understanding (MoU) was signed in the presence of TN chief Minister MK Stalin on Monday. The LuLu Group, which already has larger-than-life shopping malls and hypermarkets in Kochi, Bangalore, and Trivandrum, is all set to make its way to TN with a proposed budget of 2500 crores for two complexes in Chennai and Coimbatore and another food processing unit worth 1000 crores.
The hypermarket in Coimbatore is expected to be open to operation by the mid of August this year. The chairman of the LuLu group, MA Yusuff Ali is excited to explore not just Chennai and Coimbatore but also cities like Salem, Madurai, Trichy as well thanks to the flourishing infrastructure.
The first-ever hypermarket will be the first of its kind in Coimbatore and the netizens have already shown tremendous response to the big move.