Emke Group plans Rs 1,200 cr shopping mall project - The Lulu Mall

The UAE based Emke Group is setting up India's 'biggest' shopping mall, including a 300 room hotel, at a rs 1200 crore investment at Kochi which is expected to be ready by 2010, a top company official said today.

The Lulu International Shopping Mall will be spread over 17 acres of land at nearby Edapally with a built ip area of 20 lakh square feet, Yusuffali MA, Managing Director of the Shopping mall and Managing Director of the Emke group told a press meet here.
Depending on the success of the project, similar malls would be planned in other states as well, he said.

Describing it as a ''dream project'', he said the plan is not only to build just a shopping mall but a landmark destination for both residents and tourists alike.

The facilities, brands, services, architecture, amentities would be comparable to the best in the world, he said.

The mall will have parking space for more than 3,000 vehicles.

The project is being built as per the best international specifications by world renowned consultants W S Atkins of UK and will house over 300 national and international brands of fashion, jewellery, electronics, life style, home furnishing, furniture and accessories, book shops and footwear.

Seven theatre multiplex, family amusement centre with bowling alley, six restaurants, a 50,000 square feet food court with 18 outlets and coffee shops are also being planned.
The project also includes a 300 room five star hotel and a commercial tower exclusively for the Airlines and Aviation sector.

An agreement has already been signed with the world renowned Marriot Hotels for the management of the five star hotel.

This is the first of its kind speciality commercial space in the region and is sure to complement the tremendous growth taking place in this sector, he said.

Hill International, a world leader in managing construction risk, has been given a contract by SmartCity Kochi Infrastructure Private Ltd. to provide project management services for the development of the SmartCity Kochi real estate development in kochi, kerala, India. The two-and-a-half year contract has an estimated value to Hill of approximately INR 373 million ($9.1 million).

Raouf S. Ghali, President of Hill's Project Management Group (International): "We are very excited to be entering the Indian market with such an important project. SmartCity Kochi will be a state-of-the-art business community."

The realty project will be based in the South Indian coastal city of Kochi, SmartCity Kochi in Kerala. UAE, especially Dubai, has innumerable number of workforce from this Indian state. The development will be built on approximately 300 acres. Another important feature of the project is the development of a sustainable township based on the U.S. Green Building Council LEED standard.



Govt approves 29 SEZ plans

The Board of Approval (BoA) for Special Economic Zones (SEZs) today cleared a total of 29 proposals to set up SEZs, including three proposals for conversion of in-principle approvals into formal ones. The Board recommended grant of 23 formal and six in-principle approvals.
Prominent among the formal approvals are four IT/ITeS SEZs in Kerala by Kerala State Information Technology Infrastructure Limited, another two IT/ITeS/electronic hardware SEZs in Andhra Pradesh by Godrej Real Estate Private Limited and S2tech.com. Two more IT/ITeS SEZs were approved to be set up in Gujarat by Strength Real Estate and Gaurinandan Property Holders.

Two biotechnology SEZs in Andhra Pradesh by Lahari Infrastructure and a Biological E were also approved.

An SEZ for non-conventional energy, including solar energy equipment/cell SEZ in Gujarat by Euro Multivision was also granted formal approval.

An engineering SEZ in Tamil Nadu by Township Developers India was converted from in-principal to formal approval.

In-principle approvals were granted among others for a multi-product SEZ in Madhya Pradesh by Reliable Smart City.

The airport and aviation sector, including maintenance, repair and overhaul (MRO) SEZ in Tamil Nadu by Taneja Aerospace and Aviation Limited, was given in-principle nod as also a free trade warehousing zone SEZ in Tamil Nadu by Vikram Logistics and Maritime Services.

The SmartCity