Lulu to in­vest Rs 2,400 cr in Ker­ala re­alty

India Business Journal - - CORPORATE -

The Lulu Group has en­vis­aged an in­vest­ment of Rs 2,400 crore in Ker­ala's IT sec­tor to de­velop a to­tal of 50 lakh sq ft space by 2021. Of this, 15 lakh sq ft has al­ready been com­pleted at Lulu Cy­ber Tower at Kochi In­foPark with world-class in­fra­struc­ture, ac­cord­ing to Lulu

Group Chair­man and Manag­ing Di­rec­tor M A Yusuff Ali. Con­structed at a cost of Rs 400 crore, this is the sec­ond ma­jor in­vest­ment by the group in the IT space af­ter Lulu Cy­ber Tower 1, which al­ready houses more than 20 prom­i­nent IT com­pa­nies.

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