Imagicaaworld to Build India’s Largest Waterpark in Gujarat

26 Aug 2025 CW Team

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.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..