INGKA CENTRES AND PVR INOX SIGN AGREEMENT TO OPEN A 9-SCREEN MOVIE MULTIPLEX AT INGKA CENTRES’ FIRST MEETING PLACE IN INDIA AT GURUGRAM
Ingka Centres and PVR INOX have today announced the signing of a partnership to open a 9-screen movie theatre within Ingka Centres’ first meeting place in India. The new multiplex will feature various formats across two levels of the meeting place, occupying an area of 6000 sq. m in the iconic retail destination in Gurugram.
Ingka Centres’ latest meeting place is scheduled to open in late 2025, and is set to become Gurugram’s newest landmark, offering dynamic retail, green areas, workspaces, as well as spaces for community events. With a total investment of about INR 3500 crore, the project is expected to attract 20 million visitors a year and has been designed to promote relaxation, and mental and physical well-being for the many people of Gurugram and Delhi NCR.
PVR INOX is the largest and the most premium cinema exhibitor in India. Announcing the agreement, Mr. Ajay Bijli, Managing Director, PVR INOX Limited, said, “We welcome Ingka Centres to the state of Haryana. We are truly delighted to participate in this huge real estate development, acting as the entertainment partner for this sustainable mixed-use destination in Gurugram. In addition to a trusted relationship with movie goers and the film industry, PVR INOX will help to build bridges between the retail industry and real estate development. The momentum of our growth strategy depends on making our brand aspirational and accessible, and we are always on the hunt for integrated retail infrastructure developments such as this where we can expand our reach and spread the multiplex experience”.
Ingka Centres’ Meeting Place concept is very different to the typical mall, providing a sustainable mixed-use destination that brings together the ‘many people’ in a place where they can work, play, meet, shop and spend time. Meeting Places are designed around local needs to bring value for visitors, partners and wider communities.
Mr. Vasco Santos, Global Sales & Leasing Director, Ingka Centres, commented: “To attract such a major leisure and entertainment operator to our new project in Gurugram is a real win and reflects our ambitions to develop meeting places that will become a benchmark in the Indian market, for shopping and beyond. PVR INOX will offer a cutting-edge movie experience that caters for the whole family, whether they are avid cinema goers or just want to enjoy the latest blockbuster! Our meeting places promise to be a destination for meeting with friends, building emotional connections and socialising together, so it’s great to begin revealing the attractions that will cater to the many customers of the millennium city.”