Elan Group in tie-up with Ajay Devgn’s NY Cinemas to set-up multiplex in Gurugram
MUMBAI: India’s leading realty firm Elan group has tied up with NY Cinemas, a venture by Ajay Devgn, for setting up a multiplex in its Gurugram sector-70-based project Elan Epic. Elan Group will be investing Rs. 450 crore to develop this luxury retail destination. The project will feature a 5-silver screen multiplex with an area of 46,000 sq. ft.
NY Cinemas chose Elan Epic for its luxurious and unique concept multiplex theatre design. Elan’s idea is to create a unique & concept driven multiplex theatre that will be unlike any other cinema experience in India. The project’s strategic location and opulent features, meticulously designed by UHA London & Architecture by ACPL, differentiates it from the rest of the commercial projects and makes it the best choice.
Speaking about the tie-up, Ajay Devgn said, “We are very happy to announce our collaboration with Elan group for this wonderful project they are working on. By being their marquee cinema, we take a step closer towards providing a world-class cinema experience to movie lovers and promoting an inclusive environment.”
Elan Group Managing Director Ravish Kapoor said, “We are thrilled to share the journey and platform of Elan Group with NY Cinemas. We are positive for this tie-up. With 5 silver screen in our project- Elan Epic, this concept-driven multiplex will create hype in Gurugram and Cinema Industry. We are confident that this association will not only enhance the experience of moviegoers in Delhi/NCR but also allow NY Cinema to offer its services to a much wider audience. People will rendezvous a next level experience with more detailed and visually rich content at our multiplex that combines classic aesthetics and contemporary technology.”
Ajay Devgn, who launched a multiplex chain under the brand name NY Cinemas, is eyeing 250 screens in the next 4-5 years. Currently, NY Cinemas has 15 operational screens across the country and has already signed 60 more.
NY Cinemas CEO Rajeev Sharma said, “Our association with Elan Epic marks our foray into the cinema culture at Gurugram. Both Elan group and NY Cinemas are working towards a common goal, which is to make movies an experience for the cinema lovers and this makes our association a very natural one. We look forward to spreading our love for cinema across all the markets in the country.”