+
Imagicaaworld to Build India’s Largest Waterpark in Gujarat
ECONOMY & POLICY

Imagicaaworld to Build India’s Largest Waterpark in Gujarat

Imagicaaworld Entertainment Limited (IEL), India’s premier themed entertainment destination, has announced plans to expand in Gujarat with the acquisition of 100 per cent equity in Malpani Parks Ahmedabad Pvt Ltd (MPAPL). The deal, valued at Rs 750 million, will be executed through a mix of share purchase and fund infusion towards liabilities, making MPAPL a wholly owned subsidiary of IEL. The acquisition is subject to shareholder approval.
This strategic move secures prime non-agricultural land of 34 acres with highway frontage and strong connectivity, paving the way for the development of India’s largest waterpark near Ahmedabad. The project will feature world-class rides, slides, and attractions built to international standards, establishing a new benchmark for entertainment infrastructure in India.
This marks IEL’s third major project in Gujarat, following Aqua Imagicaa Water Park in Surat and the Sabarmati Riverfront project near the Atal Bridge in Ahmedabad. It further highlights the company’s growing commitment to Gujarat’s tourism and entertainment sector.
Commenting on the development, Jai Malpani, Director of Imagicaaworld Entertainment Limited, said: “We are committed to creating best-in-class entertainment experiences for Indian consumers, and the Ahmedabad-Gandhinagar belt will now host the country’s largest water park. This investment strengthens our geographical growth strategy and reinforces our position as India’s most trusted entertainment brand.”
With this acquisition, IEL aims to accelerate development timelines, deepen its market presence, and enhance customer experiences. The project is expected to significantly boost tourism, consumer spending, and economic activity in Gujarat.
The expansion comes shortly after IEL opened Aqua Imagicaa in Indore, strengthening its presence in Central India and underscoring its ambition to deliver world-class entertainment to new geographies across the country.

Imagicaaworld Entertainment Limited (IEL), India’s premier themed entertainment destination, has announced plans to expand in Gujarat with the acquisition of 100 per cent equity in Malpani Parks Ahmedabad Pvt Ltd (MPAPL). The deal, valued at Rs 750 million, will be executed through a mix of share purchase and fund infusion towards liabilities, making MPAPL a wholly owned subsidiary of IEL. The acquisition is subject to shareholder approval.This strategic move secures prime non-agricultural land of 34 acres with highway frontage and strong connectivity, paving the way for the development of India’s largest waterpark near Ahmedabad. The project will feature world-class rides, slides, and attractions built to international standards, establishing a new benchmark for entertainment infrastructure in India.This marks IEL’s third major project in Gujarat, following Aqua Imagicaa Water Park in Surat and the Sabarmati Riverfront project near the Atal Bridge in Ahmedabad. It further highlights the company’s growing commitment to Gujarat’s tourism and entertainment sector.Commenting on the development, Jai Malpani, Director of Imagicaaworld Entertainment Limited, said: “We are committed to creating best-in-class entertainment experiences for Indian consumers, and the Ahmedabad-Gandhinagar belt will now host the country’s largest water park. This investment strengthens our geographical growth strategy and reinforces our position as India’s most trusted entertainment brand.”With this acquisition, IEL aims to accelerate development timelines, deepen its market presence, and enhance customer experiences. The project is expected to significantly boost tourism, consumer spending, and economic activity in Gujarat.The expansion comes shortly after IEL opened Aqua Imagicaa in Indore, strengthening its presence in Central India and underscoring its ambition to deliver world-class entertainment to new geographies across the country. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Syrma SGS Elemaster Opens High-Reliability Electronics Facility

Syrma SGS Technology and Elemaster Group have inaugurated a new high-reliability electronics manufacturing facility in Bengaluru through their joint venture, Syrma SGS Elemaster Private Limited.The facility aims to strengthen India’s advanced electronics manufacturing capabilities and support customers across domestic and global markets, particularly in sectors requiring high quality, reliability and stringent manufacturing standards.Located in the Bommasandra Industrial Area, the 20,000 sq. ft. facility is equipped with advanced Surface Mount Technology (SMT), Through-Hole Technology (THT) ..

Next Story
Real Estate

UrbanVault Expands Chennai Workspace Portfolio with 100,000 Sq. Ft.

UrbanVault has expanded into Chennai with approximately 100,000 sq. ft. of managed workspace across three properties, strengthening its presence in India’s flexible workspace market.The company’s Chennai portfolio includes Olympia Teknos and UV IPL in Guindy, and Ceebros Chambers on Velachery Main Road. The expansion marks UrbanVault’s entry into its seventh city, taking its national footprint to more than 3 million sq. ft. across 80+ centres.UrbanVault expects its annual revenue to cross Rs 350 crore in FY27, supported by expansion across major business hubs and rising demand for manage..

Next Story
Real Estate

LML Realty Launches Digital Platform for Custom Factories

LML Realty has launched ‘Your Factory’, a digital platform that enables businesses to configure, customise and order built-to-suit factories online. The platform combines plot selection, factory specifications, pricing and development into a single digital interface.Businesses can select plot sizes ranging from 500 sq. yd. to 10 acres and customise requirements such as factory size, height, structure, crane provisions and power needs. The platform provides instant quotations, allowing users to view configurations and pricing while designing their facilities.Pricing for the built-to-suit fa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code