Lulu to invest Rs 2,400 cr in Kerala realty
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.