DT Cinemas, the entertainment wing of Indian real estate major DLF, has planned to invest around Rs 1,250 crore to add at least 500 screens across the country in the next four to five years.
The company will set up multiplexes in cities including Hyderabad, Chennai, Kochi, Bengaluru, Mumbai, Pune, Ahmedabad, Goa and Kolkata. In the NCR, the cinemas will come up in areas such as GK2, Shalimar Bagh, Vasant Kunj and Saket in Delhi and Star Mall in Gurgaon, this year.
The company had recently announced the opening of a multiplex at DLF Infocity mall in Chandigarh. Infocity covers an area of 190,000 square feet and will be operational within two weeks.
Speaking to media, Kajal Aijaz, CEO, DT Cinemas, said, “With the multiplex offering state-of-the-art facilities like Christie cinema projection system, excellent acoustics, wall-to-wall carpeting, extra legroom with comfortable slideback seating and push back armrests for the audience, we are eyeing about 66 per cent occupancy at the multiplex in the first year.”
Announcing plans, Aijaz said, “We have planned to set up a megaplex with a total capacity of 2,500 seats. This megaplex will have 12 screens and will be a part of DLF’s upcoming project Mall of India, at Gurgaon.” The mall is expected to be one of the largest malls in the country covering an area of about 40 lakh square feet.