Bharti Actual Property, a part of Sunil Mittal’s Bharti Enterprises, is in talks with Common Studios, one of many world’s largest theme park operators, to launch the latter’s first enterprise in India, reported The Financial Instances on Thursday.
Bharti Actual Property is in talks with potential companions for the upcoming theme park. Common Studios additionally didn’t reply when requested for a touch upon the developments. (Consultant picture)(AP file)
Common Studio’s debut in India is anticipated to be an indoor theme park, which might be developed inside upcoming 3-million-sq-ft mall, touted to be India’s greatest, close to the Delhi airport. Bharti Enterprises is anticipated to lease 300,000 sq ft of this facility to accommodate the amusement park, the report stated.
“We have earmarked 10% of the total leasable area for a global entertainment park,” SK Sayal, Bharti Actual Property chief govt, advised The Financial Instances. The power is anticipated to be prepared by mid-2027.
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In response to the report, the corporate is in talks with potential companions for the theme park. The chief refused to get into the specifics of the negotiations. Common Studios additionally didn’t reply when requested for a touch upon the developments.
The upcoming Bharti Actual Property challenge at Delhi Aerocity is anticipated to facilitate a growth potential of 17 million sq ft.
In November, the Delhi authorities granted approval for eating places and bars within the Aerocity to function 24/7. “As a major tourist destination, Delhi has immense potential for revenue growth, and with this decision, an increase in revenue through licensing fees is expected,” the federal government stated in an announcement.
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Restaurant homeowners talking to HT welcomed the transfer in anticipation of elevated income development. Umang Tewari, founding father of Liv Bar, famous that this initiative will enormously profit late-night travellers and company workers working late shifts. “Not only does it generate revenue, but it also elevates India’s nightlife standards. With more operational hours, we can also be more dynamic in catering to the diverse audience,” he added.