Track2Realty: Vatika Group has tied-up with PVR to open and operate 26 multiplex screens in three of Vatika Group’s townships – Vatika India Next (250 hectares), Vatika Infotech City and Vatika City Central in Gurgaon, Jaipur and Ambala respectively.
The multiplexes will attract an investment of more than Rs 300 cr jointly invested by Vatika and PVR. Altogether the multiplexes will have a seating capacity for 5000 people in the three townships. All the three properties are expected to be operational by Q4 – 2018-19.
Once operational it will be the first PVR in the city of Jaipur and Ambala and will be the largest multiplex in Gurgaon with 14 screens.
According to Vikas Sahdev, Head Sales & CRM Vatika Group, “We are happy to partner with PVR. This will make the townships attractive from an entertainment standpoint and ensure the residents of the townships and nearby areas experience a world-class viewing experience.”
Ashwani Handa, Chief Development Officer, PVR Ltd. said “We are excited about our partnership with Vatika Group for such a vast geographical project, spread across three cities- Jaipur, Ambala and Gurgaon. The locations in all these cities are very promising in terms of developing infrastructure and being a hub of the real estate sector. These markets readily provide us with patrons who believe in experiencing cinema in a refined format. We wholeheartedly thank the Vatika Group for providing us with such prime locations. Through this association we hope to benefit not only the movie lovers but also increase our reach to newer audiences. We look forward to many such associations with the Group in future.”
