Adlabs Entertainment’s (AEL) wholly owned subsidiary company - Walkwater Properties (WPPL) has received locational clearance for developing a ‘Special Township’ on part of surplus land owned by WPPL adjacent to IMAGICA.
The approval comes under Special Township Policy 2006/ 2014 of the Government of Maharashtra. The approval is for 88 acres of land out of the total surplus land of approximately 138 acres held by WPPL. The company is in the process of obtaining approval for the balance surplus land as well.
Adlabs Entertainment is engaged in the business of development and operations of theme-based entertainment destinations in India, including theme parks, water parks and associated activities, including retail merchandising and food and beverages (F&B). The company’s flagship project is branded as Adlabs Imagica.
