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Mini-Theatres Now Part Of Metro Like Ludhiana, Gurgaon and Delhi NCR Region Homes


By Sumit Kumar, Section Local Artists and Performances
Posted on Mon Sep 29, 2008 at 04:11:34 AM EST

Mini-theatres are fast becoming a rage in high-end housing. By 2009, over 300 personalised theatres are expected to crop up across cities like Ludhiana, Gurgaon and Delhi NCR region where big realtors like DLF, Omaxe and Emaar MGF are building apartments, villas and designer bungalows. All of these mini-theatres will be built by HKMT Acoustic Designs, a firm that specialises in the design and integration of acoustically-customised theatres for homes.

"Till now we used to design and build customised mini-theatres for individual clients. But as trends are changing, we are started getting bulk orders from big and small developers to build similar theatres for their hiend homes. Currently we have orders to build about 300 mini-theatres for Omaxe, DLF, Unitech, Emmar MGF and other builders in Delhi NCR region", said Himanshu Kumar, managing director of the Delhi-based firm that has already built 180 mini-theatres for high-profile clients.

"Though a relatively new concept in India, the market for mini-theatres is growing by 40% annually. Today people also have enough disposable incomes. Looking at the rising number of people wishing to replicate the "theatre-experience" in their homes, we are targeting a five-fold increase in our revenue by 2009-10", he added. The demand for minitheatres can be gauged from the fact that HKMT has been booked till October 2009. "We can build only 4-5 theatres in a week", he said.

"Most of the 300 odd theatres that we are building are for apartments and villas costing Rs 5 crore and above in Ludhiana, Gurgaon and Delhi NCR region", he said adding that the company would be charging between Rs 6-12 lakh for a theatre from the builders. Most of these theatres will be between 300-400 square feet in size.

HKMT is building mini-theatres 110 units of hi-end apartments which are being built by Omaxe at Ludhiana. "We are also building mini-theatres for some of the smaller builders in the NCR regions where they will be located in the basement of designer bungalows. Apart from this , we are building demo-theatres for DLF's sales pavilions in 23 different cities", Kumar remarked.

These theatres have acoustically customised interiors having motorised recliners, massager seats and a popcorn machine and in some places a small bar. "We build theatres ranging from 15 lakh to 1 crore for individual clients". The firm is now eyeing the lucrative mini-theatre market in the middle-east where it plans to open an office by 2010. ET

< 'Slowdown Now In Demand For Office Space, But Real Estate Will Bounce Back':Cushman & Wakefield | 40% of household savings in form of physical assets >

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