Lulu Group International, renowned globally for its chain of hypermarkets, malls, and multiplexes, is now expanding its footprint in Andhra Pradesh. The group has already signed an agreement with the state government to establish a world-class mall and convention center in Visakhapatnam, with an investment exceeding ₹1,500 crore. Now, in a significant development, the company has turned its focus toward Amaravati as well.
On Friday, representatives from Lulu Group visited the newly developing capital city, Amaravati. Officials from the Capital Region Development Authority (CRDA) extended full cooperation, offering the team an in-depth tour of various key locations. The visit has sparked speculation about a potential second wave of investments in Andhra Pradesh.
Sources reveal that Lulu Group’s chairman, Yusuf Ali, discussed the Amaravati project with Andhra Pradesh Chief Minister N. Chandrababu Naidu during their earlier talks on the Vizag investment. The CM reportedly pitched Amaravati as a futuristic city with world-class infrastructure, which intrigued Yusuf Ali and led to further exploration.
During their visit, the Lulu team was briefed on the planned urban development, future population growth, and zoning layouts for Amaravati. Impressed by the city’s potential, Lulu’s representatives expressed strong interest in launching a major project similar to the Vizag venture—featuring a hypermall, convention center, multiplex, and IMAX theaters—with a proposed investment of another ₹1,500 crore.
This move marks a revival of Lulu Group’s interest in Andhra Pradesh, which had been stalled during the previous YSRCP regime. Notably, during the TDP’s 2014–2019 term, land near RK Beach in Vizag had been allocated for a similar Lulu project. However, it was cancelled by the Jagan Mohan Reddy-led government in 2019.
With the return of the TDP to power, Lulu’s investment plans have regained momentum. The renewed interest from the multinational giant signals growing confidence in Andhra Pradesh’s development roadmap. The formal agreement for the Amaravati project is expected to be finalized in the coming weeks, potentially marking another major milestone in the state’s economic growth.
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