| The proposed project is a six screen multiplex that would occupy around 3.5 lakh square feet of ground area. |
| The company has already signed an agreement with a local builder to construct the multiplex by the end of the year. |
| The multiplex is a part of the 'R3 Mall' which is currently under construction in a property close to the Drive-In theatre. |
| Estimating each seat to cost around Rs 60,000, the multiplex has a capacity of 1,200 seats and will require an initial investment of atleast Rs 7.5 crore, Shringar Cinemas MD Shravan Shroff told Business Standard. |
| Enabled with state-of-the-art audio equipment and other high end facilities, the multiplex has been designed with the viewer comfort in mind, he added. |
| The company expects a turnover of Rs 15 to 16 crore annually through the latest project in its kitty of multiplexes which do not acquire property ownership but function on a stand alone basis. |
| Shringar films had earlier announced its plans to foray into all major cities across the country and establishing around 45 multiplexes in the process. |
| Currently, the company plans to expand its operations in Gujarat with concrete plans in the pipeline for the bigger cities. |
| Under its 'Fame Surat' project, six screen multiplex of Shringar is located on Bhatar Road, off Ghoddod Road , close to the commercial part of the Ring Road area in Surat. |
| The multiplex is a part of Rs 1.2 lakh square feet development and is all set to be inaugurated on June 23. |
| The multiplex is likely to contribute an estimated of Rs 15 crore to the company's revenue. |
| The company is also planning to distribute the film"" Superman as part of its foreign film distribution unit. |
Top Section
Explore Business Standard