July 24, 2017
Kochi: The queen of Arabian Sea, Kochi, has been witnessing a sea change over the last one decade with people preferences matching this pace. People of the state had constantly updated themselves with the changing trend in fashion and technology due to the Gulf connection the state had for over four decades.
But it was confined to a limited section when the majority was out of the realms of enjoying the luxury. One such phenomenon that has mesmerised people has been the advent of malls into the port city.
It all started with the launching Oberon Mall having 426,000 sq ft on the Ernakulam Bye pass about eight years back on six acres. Though it was a cold response initially, things started heating up soon. People from other parts of the state started flowing in to have a look at what is in store in the Mall, promoted by Oberon group of
companies. It was here that the multiplex culture took roots.
As Oberon Mall started getting congested, the much talked about Lulu Mall came as a big relief leaving spell bound. Billed as Asia’s biggest mall, Lullu Mall at Edappally redefined the concept of shopping and
Set up on 17 acres, it has a total builtup area of 2.5 mn sq ft. The promoters Lulu Group has projects in Thiruvananthapuram, Lucknow, Chennai, Bengaluru and Hyderabad. As people were yet to get bored with the Lulu Mall, another one came up under the banner ‘Central Square Mall’ which lured a big section of the crowd from other malls.
Promoted by Kshitij Venture Capital Fund and The Peevees Group, the mall has over 5 lakh sqft area.Though much smaller in size compared to the Lulu Mall, Central Square Mall caters to the need of the people coming from southern side of city like Fort Kochi, Mattanchery and Thevara.
Abad Nucleus Mall at Maradu in the outskirts of the city is a great relief to the people living in the fringes of the city. People who do not prefer to reach city opt out for Abad Mall started by Abad Builders.
Two more mega malls in ‘The Forum’ and ‘Great India Palace’ are coming up in the city.The Forum, promoted by the Prestige Group, is popular in Bengaluru. It has been built in over 10 acres with a total builtup area of 17 lakh sq ft with an investment of Rs 800 crore.
The ‘Great India Palace’, promoted by Unitech, has an investment of over Rs 450 crore,with a up area of 14.5 lakh sq ft.