Tuesday, October 14, 2025
26.1 C
New Delhi

Imagicaaworld to develop India’s largest water park near Ahmedabad with ₹75 crore acquisition



<p>Picture credit – Imagicaa website https://www.imagicaaworld.com/blog/spectacular-view/</p>
<p>“/><figcaption class= Picture credit – Imagicaa website https://www.imagicaaworld.com/blog/spectacular-view/

Imagicaaworld Entertainment Limited (IEL), India’s premier themed entertainment company, has announced a strategic expansion in Gujarat with plans to build the country’s largest water park near Ahmedabad. The Board of Directors has approved the acquisition of 100% equity in Malpani Parks Ahmedabad Private Limited (MPAPL), valued at INR 75 crore. The transaction, which requires shareholder approval, will be executed through a mix of share purchase and fund infusion towards liabilities, following which MPAPL will become a wholly owned subsidiary of IEL. This acquisition secures IEL ownership of 34 acres of prime non-agricultural land with highway frontage and connectivity, enabling the company to accelerate project development. The water park is envisioned as a flagship destination offering world-class rides, slides, and attractions built to international standards, setting new benchmarks for entertainment infrastructure in India.

The development marks IEL’s third project in Gujarat, following Aqua Imagicaa Water Park in Surat and the Sabarmati Riverfront project near the Atal Bridge in Ahmedabad. Together, these investments highlight IEL’s growing commitment to the state’s tourism and leisure ecosystem.

Commenting on the announcement, Jai Malpani, Director, Imagicaaworld Entertainment Limited, said: “We are committed to creating best-in-class entertainment experiences for Indian consumers, and the Ahmedabad-Gandhinagar belt will now witness the launch of the country’s largest water park. This investment reinforces our geographical growth strategy and strengthens our position as India’s most trusted entertainment brand. We are quite excited with this landmark project which will clearly increase our dominance in Western India and enhance customer experience by many notches. This also reinforces our conviction of Gujarat as a hub for high quality entertainment and tourism.” IEL said the project would deepen its market presence, diversify entertainment offerings, and generate long-term value for stakeholders, while catalysing tourism and consumer spending in Gujarat. The announcement follows the recent opening of Aqua Imagicaa in Indore, signalling IEL’s continued efforts to expand its footprint across Central and Western India.

  • Published On Aug 25, 2025 at 01:23 PM IST

Join the community of 2M+ industry professionals.

Subscribe to Newsletter to get latest insights & analysis in your inbox.

All about ETTravelWorld industry right on your smartphone!

Go to Source

Hot this week

Can India still qualify for AFC Asian Cup 2027 after 2-1 defeat against Singapore? Scenarios explained

India suffered a 2-1 defeat against Singapore in the AFC Asian Cup 2027 qualifiers on Tuesday. Check the latest Group C standings and what this result means for the Blue Tigers and their qualification hopes. Read More

Israel says Rafah aid crossing remains closed as Hamas withholds bodies of hostages

A day after Hamas released all 20 living Israeli hostages, Israel has closed the Rafah crossing, citing the group’s failure to return the bodies of all 28 hostages who died in its custody Go to Source Read More

Pakistan Agencies Raid TLP Headquarters, Seize Gold & Foreign Currency Worth PKR 72 Cr | Exclusive Details

The raid occurred shortly after the TLP announced the postponement of its planned protest until Friday, as reported by CNN-News18 on Monday Go to Source Read More

Bihar Polls: Speculation Over Prashant Kishor-Tejashwi Faceoff Ends As Jan Suraaj Names Raghopur Candidate

Show Quick Read Key points generated by AI, verified by newsroom Bihar Election 2025:Curtains have virtually fallen on speculations that political strategist-turned-activist Prashant Kishor may contest against Tejashwi Yadav in Bihar&rsq Read More

Topics

Can India still qualify for AFC Asian Cup 2027 after 2-1 defeat against Singapore? Scenarios explained

India suffered a 2-1 defeat against Singapore in the AFC Asian Cup 2027 qualifiers on Tuesday. Check the latest Group C standings and what this result means for the Blue Tigers and their qualification hopes. Read More

Israel says Rafah aid crossing remains closed as Hamas withholds bodies of hostages

A day after Hamas released all 20 living Israeli hostages, Israel has closed the Rafah crossing, citing the group’s failure to return the bodies of all 28 hostages who died in its custody Go to Source Read More

Pakistan Agencies Raid TLP Headquarters, Seize Gold & Foreign Currency Worth PKR 72 Cr | Exclusive Details

The raid occurred shortly after the TLP announced the postponement of its planned protest until Friday, as reported by CNN-News18 on Monday Go to Source Read More

Bihar Polls: Speculation Over Prashant Kishor-Tejashwi Faceoff Ends As Jan Suraaj Names Raghopur Candidate

Show Quick Read Key points generated by AI, verified by newsroom Bihar Election 2025:Curtains have virtually fallen on speculations that political strategist-turned-activist Prashant Kishor may contest against Tejashwi Yadav in Bihar&rsq Read More

Trump’s effort in mediating Israel-Hamas ceasefire gets global attention — and even Kamala Harris- Are Democrats mending ties with US president

US President Donald Trump’s efforts to broker the first phase of a peace deal between Israel and Hamas are drawing global attention—and even praise from some of his political rivals. Read More

Vivek Ramaswamy wishes Charlie Kirk on his birthday as social media recalls his anti-H1B, ‘parasite’ remarks on Indians

Charlie Kirk and Vivek Ramaswamy (Source: X) Vivek Ramaswamy on Tuesday wished a happy birthday to a late Charlie Kirk, the prominent conservative activist and founder of Turning Point USA, who was assassinated last month. Read More

Bollywood Pickles & Gandhi Tea: Inside the crazy, wild world of desi grocery stores in UAE

Quirky, nostalgic, and delightfully confusing — UAE’s desi grocery stores blend humor, heritage, and homesickness into every “Proudly Indian” product / Illustrative image generated by AI Walk into any “Indian grocery” in the UAE, and Read More

Related Articles