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News & Views on Indian Real Estate

Wednesday, June 25, 2008

Star, Era Group in talks for Multiplex Biz

Star TV and engineering and construction major Era Group are reportedly in talks to enter into the multiplex management business. Era will see the construction and management of multiplex properties while Star will lend its name, says a PTI report.Era Group reportedly has major plans of installing 120 screens by next three years. So far, it is running a few screens in Meerut and Agra in Uttar Pradesh. While the cinemas will be branded as Star, Era Group will invest and run them. Era is also planning to strike long-term deals with major real estate players which are developing malls and multiplexes to run all the screens coming up in their projects.

Anonymous said...

becase there are huge money to be make in that sector which is not to be more grown in the another sector

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