New Delhi: India’s leading Real Estate firm, Elan Group, has reportedly tied up with NY Cinemas, a venture by Ajay Devgn, to set up a 5-screen multiplex in Gurugram.
Noted film critic took to his Twitter handle and shared the news.
Realty firm Elan Group ties up with NY Cinemas, a venture by Ajay Devgn, to set up a multiplex in Gurugram… This is the first ever tie-up of NY Cinemas in North India… A 5-screen multiplex is coming up there… Ajay’s NY Cinemas is eyeing 250 screens in next 4-5 years. pic.twitter.com/CRf5rFqSML
— taran adarsh (@taran_adarsh) May 16, 2019
This is the first ever tie-up of NY Cinemas in north India. Currently, NY Cinemas has 15 operational screens across the country and has already signed 60 more.
Devgn, who launched a multiplex chain under the brand name NY Cinemas, is targeting 250 screens in the next 4-5 years.
As per reports, Elan Group is developing a luxury retail project ‘Elan Epin’ at Gurugram with a built-up area of 7.5 lakh sq ft at a cost of Rs 450 crore. This project will house a 5 silver screen multiplex with an area of 46,000 sq ft.
Earlier, the Elan group had a tie-up with PVR Cinema for 15 screens in its various commercial projects in Gurugram.