New Delhi, July 30, 2019: Bhumika Group has signed an agreement with Inox Leisure Limited (INOX), one of the largest multiplex chains in the country for its Mall – Urban Square Galleria, Alwar. State-of-the-art 4 Screen multiplexes spread across approx 23,362 Sq. Ft. area will have a capacity of 736 seats with all modern facilities to offer the best movie experiences in Alwar. It is expected to be operational by March 2021. This deal is for 19 Years tenure to be mutually extended.
Inox today is amongst India’s largest multiplex chains with 143 multiplexes and 595 screens in 67 cities (as of June 2019). INOX is known for redefining movie experiences in India, each INOX property is unique with its own distinct architecture and aesthetics
Urban Square Galleria is being developed in Alwar by Real Estate major Bhumika Group in JV with Trehan Group. The project would spread across 1 lac sqft area and comprises retail shops, food court, restaurants, multiplex and entertainment zone. The group has already started the construction of the project. The location of the mall near Telco Circle in Alwar is considered as the most desirable because of the nearby residential development and upcoming new projects. Bhumika Group has joined hands with Trehan Group, who is the joint venture partner for this project.
Mr. Uddhav Poddar, Managing Director, Bhumika Group, said, “We are extremely delighted to tie up with Inox and bring the best movie viewing experience in Alwar for the first time. With Inox already in, we are committed to bringing more such big brands to Urban Square Galleria Mall and position the same as best shopping and entertainment destination. In addition to Multiplex, the mall will have a food court (Urban Chowpatty), Haat Bazaar (also known as Janpath Alwar), retail shops, restaurants and activity zone for kids. The construction has begun and is one of the best investment opportunity today in Alwar.”
Bhumika group is also developing Urban Square in Udaipur which is the largest mall of Rajasthan spread across 18 Lakhs Sq. Ft. The construction of the 1st phase of the project is in full swing. Urban square Udaipur has a 5 Star hotel with 200 keys for which Holiday Inn has been roped in. Some of the other brands which have been signed are Marks & Spencer, Inox, Shoppers Stop, F Bar, Sketchers, Aeropostale, US Polo etc.
Bhumika Group is planning to develop more commercial projects in Rajasthan, Haryana and the national capital market.
Corporate Comm India (CCI Newswire)
