# LuLu leases 62,035sq ft at Greater Noida mall for 15 years

> LuLu secures 15-year lease for 62,035 sq ft at Greater Noida mall with rent near ₹51 crore.
- Title: LuLu leases 62,035sq ft at Greater Noida mall for 15 years
- Summary: LuLu secures 15-year lease for 62,035 sq ft at Greater Noida mall with rent near ₹51 crore. LuLu International Shopping Malls leases 62,035 sq ft at I-Thums…
- Keywords: lulu, greater noida, i-thums galleria, retail space, lease, rent, delhi ncr, uae, news, india, leases, 035sq
- Source: mint — https://livemint.com/industry/infrastructure/lulu-leases-62-035sq-ft-at-greater-noida-mall-for-15-years-with-total-rent-nearing-51-crore-11792760361458.html
- Author: Trisha Bhattacharya
- Published: 2026-10-23T14:04:43+00:00
- Read time: 1 min
- Topics: lulu, greater noida, i-thums galleria, retail space, lease, rent, delhi ncr, uae, news, india
## LuLu leases 62,035 sq ft
LuLu International Shopping Malls has leased 62,035 sq ft at I-Thums Galleria in Greater Noida for 15 years.
## Total rent nearing ₹51 crore
The lease includes a total rent of nearly ₹ 51 crore with initial monthly rent of ₹ 26.41 lakh.
## Retail and back-of-house space
The lease covers 56,035 sq ft of retail space and 6,000 sq ft for back-of-house operations.
## Rent structure
LuLu pays ₹ 45 per sq ft for retail and ₹ 20 per sq ft for back-of-house space monthly.
## Lease terms
The lease has a 240-day fit-out period, security deposit of ₹ 1.585 crore, and 9% rent increase every three years.
## Parking facilities
LuLu receives 10 car parking spaces and 100 two-wheeler parking spaces at no additional cost.
## Long-term commitment
The lease provides a 3-year lock-in for the tenant and 15-year lock-in for the lessor.
## Common area maintenance
LuLu pays ₹ 12.11 lakh monthly for common area maintenance charges.
## Expansion plan
LuLu aims to open 25 outlets across Delhi-NCR by 2030 with proposed investment of ₹ 2,500 crore.
## Key takeaway

LuLu International Shopping Malls leases 62,035 sq ft at I-Thums Galleria in Greater Noida for 15 years with total rent nearing ₹51 crore.