Highlights
- Imagicaaworld Entertainment is developing an entertainment destination near Sabarmati River in Ahmedabad.
- The project was awarded through a Public Private Partnership (PPP) mode.
- The planned destination includes indoor and outdoor attractions along with food and beverage outlets.
- The project is spread across 11 acres, according to the company presentation.
- The company has received environmental clearance and the project is ready for groundbreaking.
Imagicaaworld Entertainment (NSE:IMAGICAA) Moves Ahead With Ahmedabad Entertainment Destination
Imagicaaworld Entertainment Limited is progressing with its planned entertainment destination near Sabarmati Riverfront in Ahmedabad, Gujarat. The project is part of the company’s expansion initiatives beyond traditional amusement and water park formats and is being developed as a mixed entertainment destination.
According to the company’s Q1FY27 investor presentation, Imagicaaworld won the bid in March 2024 to establish the entertainment concept at Sabarmati Riverfront under a Public Private Partnership (PPP) mode.
The development represents one of the company’s planned projects in Gujarat, alongside its existing and upcoming entertainment assets in the region.
Project Scope and Planned Attractions
The Sabarmati Riverfront project is planned as an entertainment hub featuring multiple indoor and outdoor attractions. The company has outlined attractions such as a Ferris wheel, racing track and other entertainment offerings as part of the project concept.
The development will also include food and beverage outlets spread across the project area. The company’s presentation states that the project is planned across 11 acres.
Unlike conventional amusement parks that primarily focus on rides and attractions, the planned destination combines different entertainment formats within a single location.
Project Development Status
Imagicaaworld has stated that the project master plan is ready and that environmental clearance has been received. The project is currently ready for groundbreaking.
The development status indicates that the company has moved beyond the initial planning stage and completed certain required project preparation steps before construction activity begins.
The project timeline and further development milestones will determine the pace at which the destination progresses towards completion.
Gujarat Presence and Regional Expansion
The Sabarmati Riverfront project forms part of Imagicaaworld’s broader Gujarat presence. The company currently operates Aqua Imagicaa Water Park in Surat and has added Shanku’s Water Park, Mehsana, through an investment in Mehsana Next Parks Private Limited.
The company’s Gujarat catchment recorded footfalls of 92,248 in Q1FY27 compared with 69,879 in Q1FY26. Revenue increased to Rs 844 lakhs from Rs 733 lakhs during the same period, while ARPU declined to Rs 915 from Rs 1,049.
The Ahmedabad project adds another planned entertainment destination within the company’s Gujarat operating strategy.
Role of PPP Model in Project Development
The Sabarmati Riverfront entertainment destination is being developed under a Public Private Partnership model.
PPP-based developments typically involve collaboration between public authorities and private entities for project execution. In this case, Imagicaaworld’s role involves developing and operating the planned entertainment concept at the allocated location.
The project structure differentiates it from other company initiatives, such as the Mehsana investment, which involves acquiring a stake in an existing operating water park asset.
Expanding Entertainment Formats
The Sabarmati project is part of Imagicaaworld’s approach to developing multiple entertainment formats across different locations. The company’s portfolio includes outdoor entertainment parks, hospitality operations and planned indoor entertainment centres.
The company has also announced Hello Park indoor entertainment centres in Hyderabad and Surat, expanding into city-based family entertainment formats.
The Ahmedabad project differs from these indoor centres as it focuses on a larger destination-based entertainment development combining multiple attractions.
Future Development Milestones
The next stages for the Sabarmati Riverfront project will depend on construction progress and subsequent development activities. The company has disclosed that the project master plan has been prepared and environmental clearance has been received.
Further details regarding construction timelines, investment requirements and operational launch schedules were not disclosed in the investor presentation.
Conclusion
Imagicaaworld Entertainment’s Sabarmati Riverfront project represents a planned entertainment destination in Ahmedabad combining indoor and outdoor attractions with food and beverage offerings. The project has progressed through key preparation stages, including master plan completion and environmental clearance. As part of the company’s Gujarat expansion initiatives, the development adds another planned destination alongside its existing regional assets and upcoming entertainment formats.
FAQs
Q: What is the Sabarmati Riverfront project by Imagicaaworld Entertainment?
A: It is a planned entertainment destination near Sabarmati River in Ahmedabad featuring indoor and outdoor attractions along with food and beverage outlets.
Q: When did Imagicaaworld win the bid for the Sabarmati Riverfront project?
A: The company stated that it won the bid in March 2024 to establish the entertainment concept under a Public Private Partnership mode.
Q: How large is the planned Sabarmati Riverfront entertainment destination?
A: The project is planned across 11 acres.
Q: What is the current status of the Sabarmati Riverfront project?
A: The company has stated that the project master plan is ready, environmental clearance has been received, and the project is ready for groundbreaking.
Q: How is this project different from Imagicaaworld’s other expansion initiatives?
A: The Sabarmati project is a destination-based entertainment development, while initiatives such as Hello Park focus on indoor family entertainment centres and the Mehsana investment involves an operating water park asset.