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Wonderla Plans Purchase of Land for Chennai Theme Park by June

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Wonderla Holidays plans to 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 planned to 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 and operates theme parks in Kochi, Bengaluru and Hyderabad.

Image: Wonderla Bangalore

http://www.thehindu.com/business/Industry/wonderla-to-start-work-on-chennai-park-in-q3/article17409597.ece

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Rachel Reed

Rachel Read

Rachel is Finance Director. She has a degree in engineering from Cambridge University and qualified as a Chartered Accountant at Deloittes in London. She worked in finance in industry for twenty years. She oversees our news and also manages our events.

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