First time in Noida, INOX Leisure Limited with largest multiplex chains has tied up with Spectrum@metro for a 10 screen megaplex. The company is already developing its maiden commercial venture, Spectrum Metro located in sector 75, which is in advanced stages of construction. Country Inn Hotel & Resorts, accommodating both business and leisure travelers has also tied up with the company.
The 1st phase of Spectrum Metro is being developed in an area of 6 acres, with further development of 2nd phase in 9 acres including office space, retail spaces, medical facilities, food court, serviced apartments, corporate centres, student marts and much more in offer. The high street retail under its first phase has tied up with INOX, covering an area of 70,000 sq ft with a 10 screen megaplex. In the 1st phase of Spectrum@metro spread across 6acres, the company has also associated with Country Inn Hotel & Resorts with 50 rooms sprawling to an area of 30,000 sq ft.
The project is centrally located with excellent social and civic infrastructure and is expected to cater to a footfall of almost 8 lakh people with over 100 plus international brands present. The entire project is a green building development conforming to cost-saving parameters and energy efficient elements and will have a total saleable area of approximately 1.2 mn sq. ft.
Speaking about the association, Sagar Saxena, the spokesperson for the group, "We believe, INOX and Country Inn Hotel & Resorts both are the top class brands catering supremely to entertainment and hospitality segment. INOX with 10 screen megaplex and Country Inn Hotel & Resorts with giving people facilities like - Banquet, Fine dining, Fitness Center, Conference, Spa's, Swimming Pool, Grand Entrance Lobby is in sync with the prime needs of people. The project is designed keeping all major aspects in mind and with developers focusing on possessions the demand for retail is already seeing a 30% better demand in comparison to last year."
Shares of INOX LEISURE LTD. was last trading in BSE at Rs.212.25 as compared to the previous close of Rs. 213.55. The total number of shares traded during the day was 5199 in over 128 trades.
The stock hit an intraday high of Rs. 217.35 and intraday low of 211.05. The net turnover during the day was Rs. 1108427.