Millennium Post

Vatika, PVR tie up to open 26 screens in three townships

Leading developer Vatika Group and multiplex operator PVR have announced to open and operate 26 multiplex screens across three townships in Gurgaon, Jaipur and Ambala at a cost of Rs 300 crore, it was announced on Thursday.

 “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,” said Vikas Sahdev, Head Sales & CRM Vatika Group. The screens will come up in 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.

“We are excited about our partnership with Vatika Group for such a vast geographical project, spread across three cities- Jaipur, Ambala and Gurgaon,” said Ashwani Handa, Chief Development Officer, PVR Ltd. Altogether the multiplexes will have a seating capacity for 5,000 people in the three townships. All the three properties are expected to be operational by Q4 – 2018-19.
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