Updated:  |   |  WWW.INDIANREALTYNEWS.COM

 

« Oversupply to affect realty revenue | Home | Sliding realty prices forcing retailers to renegotiate rentals »

DLF to Invest Rs.1250 Crores in Multiplex Business

September 29, 2008
 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 (Be the first to rate this story!)
Loading ... Loading ...

Real estate developer DLF will be expanding its multiplex business by investing about Rs 1,250 crore. About 500 screens will be added to DT cinemas in the next four to five years. Currently, DLF is at a pre-operative stage with about seven screens. Once these initial projects start, the mid-term aim is to have about 150 screens operational within two years.

Apart from north Indian cities, DT Cinema plans to set up multiplexes in Hyderabad, Chennai, Kochi, Bangalore, Mumbai, Pune, Ahmedabad, Goa and Kolkata. The size of each multiplex could be between 35,000 sq ft to 90,000 sq ft. DLF believes that the multiplex business offered a big opportunity as there is a shortage of nearly 40,000 screens in India.


News Published Under:   Real Estate Developers |



Add to Favourite:
:  

Did'nt find what you are looking for? Try this…..

 


Related News:


  • Star, Era Group in talks for Multiplex Biz
  • DLF Plans Expansion of Multiplex Biz
  • Sobha Developers all set to broaden its horizons
  • JP Morgan to Invest $100 mn in Prestige Group
  • Developers expecting high sector growth
  • Malaysian co picks up 60% stake in MAK Group project
  • Salarpuria Group to invest 3000 cr in real estate projects
  • Oberoi Plans Rs 4,500 Cr for Hospitality Projects in India
  •  

    Comments

       

          

                          

    Real Estate News Alerts
    Get Latest Property Updates
     


    Recent Comments
      • swapna: I am looking for a house for rent or sale in Vadap...
      • Suresh: Hi man Chennai Velacherry rate is Rs/8600 per Sqf...
      • ravindran: I hope that Coimbatore will be the next IT destina...
      • B.Anand: Dear Editor, Please update on the Bombay High Cou...
      • Vivek: It is height of foolishness comparing Dhanbad with...
      • Mahesh: Its cost step and initiation from Red Fort cap. Ge...
    Property Prices