Wonderla Holidays plansto complete the purchase of land for its new Chennai theme park by June 2017.
There has been a delay in the acquisition of the land after a Madras High Court banned the use of agricultural land for non-agricultural purposes.The Hindu Times reports that Wonderla needs a 50-55 acre site. Some part of the original parcel under consideration may be able to be retained. Construction is plannedto begin on the ₹300-350 crore new theme park by the third quarter of the coming fiscal year.
Wonderla signed a three year MoU in September 2015 with the Tamil Nadu government to build a theme park by 2019.
Wonderla already owns andoperates theme parks in Kochi, Bengaluru and Hyderabad.
Image: Wonderla Bangalore
Rachel Read
Rachel is co-founder and strategic director at blooloop. She has a degree in engineering from Cambridge University, is a Chartered Accountant and has certificates in Sustainability Leadership and Corporate Responsibility from London Business School, and Sustainable Marketing, Media and Creative from Cambridge University's Institute for Sustainability Leadership (CISL). Rachel oversees our news, events and sustainability.
