New Waves: Imagicaaworld's ₹100 Cr Gujarat Expansion

Imagicaaworld Entertainment Limited has approved an investment of up to ₹100 crore in Shanku’s Water Park as part of its strategy to expand beyond its core theme park business into managed leisure and hospitality assets across India.

The investment will be financed through a mix of equity and debt. Under the agreement, Imagicaaworld Entertainment Limited will manage the complete operations of the water park, including guest services, safety systems, food and beverage operations, park management, and revenue optimisation initiatives.

As part of the management arrangement, the company will earn a fee ranging from 6 per cent to 10 per cent.

Spread across more than 25 acres, Shanku’s Water Park features over 25 rides and attractions and serves visitors from Ahmedabad, Gandhinagar, Mehsana, and nearby regions. The property has recently undergone renovations, including upgrades to its water filtration infrastructure.

Situated within approximately an hour’s drive from Ahmedabad and GIFT City, the project is expected to strengthen Imagicaaworld Entertainment Limited’s footprint in western India while supporting its asset-light expansion strategy through leisure and hospitality partnerships.

News by Rahul Yelligetti.