Walkwater Media, a group company of Adlabs Entertainment is confident enough to open the theme park in Maharashtra on 18 April 2013.
Adlabs Entertainment will launch theme park, 'Adlab Imagica' which is located on Mumbai-Pune Expressway, Khalapur in Raigarh district of Maharashtra. The park spread over 300 acre as come up with an investment of Rs 1,200 crore. Also in 2014 the company is planning to a water park and hotel, which will take the total investment in the project to the tune of Rs 1,650 crore. Two-thirds of the total project cost has been funded through debt, while the remaining is equity. The theme park has 21 international standard rides, including one based on Bollywood film 'Mr India'.
Meanwhile, Adlabs Entertainment is also planning to set up a theme park in Hyderabad by December 2013. This will be about 60 per cent of the park in Mumbai in terms of investment and will be spread over about 60 acre.
Addendum:
Walkwater Media, a group company of Adlabs Entertainment has opened 'Adlab Imagica' at Mumbai-Pune Expressway, Khalapur in Raigarh district of Maharashtra.
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