+
PVR INOX to Monetise Real Estate Assets
Real Estate

PVR INOX to Monetise Real Estate Assets

PVR INOX, a leading multiplex operator, announced its plans to close 70 underperforming screens in FY25 and consider monetizing non-core real estate assets in prime locations like Mumbai, Pune, and Vadodara, according to its latest annual report. Although the company intends to add 120 new screens in FY25, it will also shut down approximately 60-70 non-performing ones as part of its strategy for profitable growth.

About 40 per cent of the new screen additions will be in South India, where the company plans to focus strategically due to the region's lower penetration, aligning with its medium to long-term strategy.

Furthermore, PVR INOX is revamping its growth strategy by adopting a capital-light model, aiming to reduce its capital expenditure on new screen additions by 25 to 30 per cent in the current fiscal year.

The company will partner with developers to jointly invest in new screen capital expenditure, transitioning to a franchise-owned and company-operated (FOCO) model. It is also considering monetizing its owned real estate assets as part of its goal to become a "net-debt free" company in the near future.

Managing Director Ajay Kumar Bijli and Executive Director Sanjeev Kumar conveyed to the shareholders that this includes the potential monetization of non-core real estate assets in prime locations such as Mumbai, Pune, and Vadodara.

PVR INOX, a leading multiplex operator, announced its plans to close 70 underperforming screens in FY25 and consider monetizing non-core real estate assets in prime locations like Mumbai, Pune, and Vadodara, according to its latest annual report. Although the company intends to add 120 new screens in FY25, it will also shut down approximately 60-70 non-performing ones as part of its strategy for profitable growth. About 40 per cent of the new screen additions will be in South India, where the company plans to focus strategically due to the region's lower penetration, aligning with its medium to long-term strategy. Furthermore, PVR INOX is revamping its growth strategy by adopting a capital-light model, aiming to reduce its capital expenditure on new screen additions by 25 to 30 per cent in the current fiscal year. The company will partner with developers to jointly invest in new screen capital expenditure, transitioning to a franchise-owned and company-operated (FOCO) model. It is also considering monetizing its owned real estate assets as part of its goal to become a net-debt free company in the near future. Managing Director Ajay Kumar Bijli and Executive Director Sanjeev Kumar conveyed to the shareholders that this includes the potential monetization of non-core real estate assets in prime locations such as Mumbai, Pune, and Vadodara.

Next Story
Infrastructure Transport

RVNL Completes Survey for Purple Line’s Eden Gardens Stretch

In a major development for Kolkata’s metro commuters, Rail Vikas Nigam Limited (RVNL) has completed the survey for a 1.6-kilometre extension of the Purple Line from Esplanade to Eden Gardens. The survey followed a special clearance from Raj Bhavan, as the alignment will run close to the Governor’s residence lawns before reaching the site of the fifth underground station of the corridor.Officials noted that such surveys are essential to assess terrain, soil conditions, and project feasibility, which ultimately shape construction techniques and costs.Currently, the Purple Line spans 14.4 kil..

Next Story
Infrastructure Transport

Bengaluru Metro Plan May Impact 11,000 Trees

Bengaluru Metro’s upcoming Phase-3 expansion may affect over 11,000 trees across the city, as the Bangalore Metro Rail Corporation Limited (BMRCL) plans to build two elevated lines. While some trees may be transplanted, others are likely to be felled. The final alignment is yet to be confirmed.BMRCL has invited public feedback through a series of consultations over three days, encouraging citizens to express their concerns and suggestions regarding the proposed plans. Senior Metro officials will lead these discussions.Concerns have already emerged from various quarters. Environmentalists and..

Next Story
Infrastructure Urban

Noida to Set Up 100 Auto Stands to Ease Traffic

The Noida transport department will establish around 100 designated auto-rickshaw stands across the district to ease congestion and enhance last-mile public transport access, officials announced on Monday. The initiative is aimed at reducing unauthorised parking and streamlining movement near metro stations and other key transit points.A meeting involving transport stakeholders and traffic police is scheduled for 26 July to finalise pick-up and drop-off zones along high-demand routes. “Once the locations are confirmed, signage and other necessary infrastructure will be installed,” said Siy..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?