It’s curtains for Prarthana drive-in theatre on ECR around Chennai

It’s curtains for Prarthana drive-in theatre on ECR around Chennai
Prarthana open air drive-in theatre at Injambakkam on East Coast Road near Chennai

Prarthana open air travel-in theatre at Injambakkam on East Coastline Highway around Chennai
| Image Credit score: M. Karunakaran

Opened in excess of 3 many years ago, Prarthana Generate-In cinema, which gave Chennai citizens an open-air theatre working experience, will be torn down and the space utilised for actual estate development.

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The 29-acre property on East Coast Highway in Injambakkam, en route Mahabalipuram, has been acquired by Baashyaam Constructions and demolition perform has previously started. Sources in the real estate sector explained that the deal worth was value more than ₹550 crore.

Prarthana open air drive-in theatre at Injambakkam on East Coast Road near Chennai

Prarthana open up air drive-in theatre at Injambakkam on East Coastline Road in the vicinity of Chennai
| Image Credit history:
M. Karunakaran

It is learnt that Baashyaam Constructions will occur up with an extremely luxurious job at this web page. In accordance to resources, the team will be setting up independent villas in the house, ranging involving 10,000 sq. ft to 15,000 sq. ft. The building perform will get started in the up coming six months and the venture will be accomplished in two years.

“At existing, there is no land parcel of this size out there on this extend, producing this deal exceptional. There are several intercontinental companies functioning out of the OMR belt who can be probable potential buyers of this home. Also, this residence is near to Casuarina Push, which residences several high-net-well worth people, businessmen and persons from the movie fraternity,” a real estate advisor mentioned.

Aradhana cinema on East Coast Road at Injambakkam.

Aradhana cinema on East Coast Street at Injambakkam.
| Photo Credit:
M. KARUNAKARAN

“Today it is challenging to get independent properties in just the city and ECR is rising as a popular locality for these properties,” he stated and added that 1 ground fees ₹3.5 crore right here.

The Prarthana Beach front Push-In cinema has not been operational for very someday now. This theatre was opened in 1991 and the screen at the travel-in was produced of concrete measuring 100 ft by 60 toes.

A single extra undertaking

Baashyaam Constructions has also taken around Srinivasa Cinema in West Mambalam, where a major portion of the movie Amarkalam starring Ajith Kumar was shot. The specific value of the offer could not be ascertained but it is learnt that an condominium will come up at the website.

Baashyaam will start do the job on this challenge shortly. This will be an 18-ground condominium with all over 75-80 models. Every single device will be distribute across 2,000-3,000 sq. ft.

A lot of luxurious initiatives have arrive up in and all-around Chennai in the previous two several years and builders say there is a huge need in this phase. When it comes to luxurious properties, potential buyers are inclined to expend anyplace among ₹7 crore and ₹20 crore.

There are luxurious projects in Chennai which are higher than the ₹25 crore to ₹35 crore value band.