Real estate behemoth DLF is likely to invest about Rs 1,250 crore on expanding its multiplex business, DT Cinema, by adding about 500 screen in the next four to five years.
"Currently, we are at a pre-operative stage with about seven screens. In another four to five years time the target is to have 500 screens across India," DT Cinema CEO Kajal Aijaz said.
By September this year, two DT Cinema complexes in Delhi and one in Chandigarh would be operational, she said, adding that 35 screens are expected to be functional in the next seven months.
On an average, setting up a screen can costs anything between Rs 2 crore to Rs 2.5 crore. Apart from north Indian cities, DT Cinema plans to set up multiplexes in Hyderabad, Chennai, Kochi, Bangalore, Mumbai, Pune, Ahmedabad, Goa and Kolkata. The size of each multiplex could be between 35,000 sq ft to 90,000 sq ft, she said.
(Source: Economic Times )
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