Adlabs to build Rs 1,600 cr theme park

Tags: Companies
Adlabs Entertainment is building a Rs 1,600-crore theme park near Mumbai, which will open its doors to public in March next year.

Called Adlabs Imagica, the project is located on the Mumbai-Pune Expressway and will have a theme park, hotels and a water park.

"The project, built on a 300-acre plot, will redefine the theme park experience in the country. We have worked with the best technicians from around the world and scripted the park to provide an experience yet unseen by people in the country. It is not another amusement park," Adlabs Entertainment Chairman Manmohan Shetty told PTI.

The total project cost is Rs 1,600 crore, of which Rs 1,100 crore has already been invested in the theme park, he added. Two-thirds of the total project cost have been funded through debt, while the remaining is equity.

Shetty said the theme park will be open to public by March next year, while the hotel and water park are likely to become operational by middle and end of the year, respectively.

Spread over 110 acres, the theme park will have about 21 international standard rides, Shetty said.

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