Real Estate Chandigarh

Residential and Commercial properties in Chandigarh..

08 January 2007

Fun Parks mega bucks

Who needs Disneyland when you have us?” questions Rakesh Babbar, the managing director of IRPPL (International Recreation Parks Pvt. Ltd.), the company behind the upcoming Entertainment City in the heart of Noida. The Entertainment City, spread over 150 acres and being set up at an investment of Rs.1100 crore, represents a new class of parks that are under construction or are being planned around the country. Larger, better and with the costliest ‘rides’ around, they reflect a change in not only how park operators and real estate developers think about amusement parks, but also how state governments perceive them.

Other upcoming projects include two planned by ISKCON, one at Vrindavan in Dwaraka, at an investment of Rs.1000 crores over 600 acres of land and one at Bangalore at an investment of Rs.350 crores. The themes for the two parks would revolve around the stories of Krishna. The religious theme is held in common with a Rs.100 crore park being promoted by the Saagar family at Haridwar. Revolving around the epic Ramayana, the park to be called ‘Ganga Dham’ will be situated on the banks of the Ganga.

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