LuLu sets out Delhi-NCR retail plan with Greater Noida hypermarket

Hindustan Times attributed the Delhi-NCR plan to Jayakumar Gangadharan, Director – UP, Delhi NCR, and Telangana at LuLu Group. The reported plan covers two formats: large hypermarkets and daily concept stores. The daily format is usually about 30,000 sq ft, while the hypermarket format needs a bigger built-up area.

The Greater Noida store is being treated as the group’s first step into the Delhi-NCR market. It occupies about 1 lakh sq ft in I-Thum’s Galleria Mall, with the space placed on the lower ground level of the property. The lease period reported for this outlet is 15 years.

Why the anchor tenant matters

A large hypermarket can change the working of a mall because it may draw regular household shoppers, not only occasional visitors. The report says the mall currently expects around 8,000 visitors a day. LuLu expects the store to raise mall footfall by 70-80%, and the company is targeting nearly half of the mall’s visitor traffic for itself.

• The Greater Noida hypermarket is reported as LuLu Group’s 23rd store in India.
• A Gurugram store of about 30,000 sq ft is planned before the ongoing financial year ends.
• For future locations, the group is considering both direct purchase and lease structures.
• Projects in Ahmedabad and Visakhapatnam are at the design stage.
• The group’s existing India stores include a 40,000 sq ft Bengaluru outlet and two Chennai stores, one of about 1 lakh sq ft and another of about 30,000 sq ft.

The report also gives wider context for the company’s India and global footprint. Its Lucknow mall, established in 2022, spans 22 lakh sq ft and is linked with about 12,000-15,000 jobs. In Greater Noida, the employment engagement is reported to be at least 1,500 people. Globally, LuLu operates in more than 35 countries, with over 285 stores and 24 malls.

The property-law angle

Retail expansion announcements can influence market sentiment, but they are not a substitute for legal verification. In Indian commercial property transactions, buyers generally examine title, encumbrances, building approvals, permitted land use, fire and occupancy documents, and maintenance obligations. Where a shop is marketed around expected footfall from an anchor tenant, it is usually advisable to verify the project documents through the developer, sub-registrar records and a property lawyer.