Wonderla Holidays’ stock increased by over 10% during trading on Wednesday as the firm started building its theme park in Chennai with the tentative opening date out
Wonderla Holidays said in an exchange filing that it has successfully received the required approvals, clearances, and NOCs from the Tamil Nadu government for its Chennai project and is therefore ready to start building.
Wonderla Theme Park Chennai opening date, cost, location address and photos
WONDERLA
Got all approvals, NOC and clearance from Tamil Nadu govt for Chennai project
From 390 to 890 now🔥
Crazy FOMO going on!
Bhumi Puja today, officially started! pic.twitter.com/THMy79OJpU— Vishal Vardhan (@microcp2mltibgr) October 25, 2023
Work begins on Wonderla’s 5th Theme Park in Chennai. Much needed for the city..😍🎡 #Chennai #Wonderla #Amusement
P.C : @arunpally pic.twitter.com/rk3TurejBJ— Chennai Updates (@UpdatesChennai) October 25, 2023
After Bengaluru, Hyderabad, and Kochi, this 62-acre entertainment park would be Wonderla’s fourth in the nation. The company’s theme park in Bengaluru is connected to a resort.
All details about Wonderla Chennai
Wonderla is going to open a gorgeous theme park 45 kilometers from Chennai, tucked away on the picturesque Old Mahabalipuram Road. This magical place will be found in the charming village of Illalur, about two kilometers off the OMR highway. The project’s ambitious plans call for a large investment of about Rs.400 crores spread over 62 acres in Illalur village, in the Thiruporur taluk of Chengalpet district.
For the Chennai project, much of the architecture, design, and other work has already been completed. and they just need to carry it out; it ought to be completed by June 2025, Wonderla MD Arun Chittilappilly informed analysts during a recent earnings call.
The TN government announced plans to build a large-format amusement park with a minimum land area of 100 acres on the outskirts of Chennai with the assistance of the private sector as part of its most recent tourism program.
Wonderla Holidays’ stock surged as the Chennai project was approved.
In today’s trading session, Wonderla Holidays shares saw a 10% increase, hitting a record high of ₹887 per share. Following the company’s receipt of all required permits, permissions, and no-objection certificates (NOCs) from the Tamil Nadu government for its Chennai project, there was a notable increase.
Now that these crucial permits have been obtained, Wonderla is prepared to start building on this project. Concurrently, the new Odisha Park’s construction is moving very quickly. The shares were trading at $858 per share at 2:00 PM, up 6.20%.
Wonderla is also looking into possible locations for theme parks in Goa, Punjab, and Madhya Pradesh. The business is a major force in the Indian theme park sector. It has approximately two decades of experience in managing parks in the three separate cities of Kochi, Bengaluru, and Hyderabad.