| September 29, 2008 | |
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 |
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