Cineline India Launches 3-Screen Multiplex at Metro World Mall in Gurugram
Cineline India Limited has announced the opening of its latest cinema, MovieMax Multiplex, at Metro World Mall in Sector 56, Gurugram, Haryana. This expansion marks the company's second property launch in Gurugram and its fifth cinematic presence in the Delhi NCR region, bolstering Cineline's foothold in the urban entertainment market.The new multiplex occupies approximately 16,000 sq. ft. and is designed as a contemporary cinema destination catering to the evolving preferences of audiences in Gurugram’s residential and commercial catchment area.
Key Features and Specifications
The three screen multiplex boasts several premium features designed for moviegoers. Seating capacity across the three screens stands at 477 seats, offering options including recliner, executive, and prime seating experiences. The venue is equipped with advanced projection technology, utilizing 2K Christie/GDC Server projection systems to ensure a vibrant picture quality.Located in Metro World Mall, Sector 56, Gurugram, the cinema benefits from a prime location and high accessibility. It is situated within a catchment area marked by strong surrounding commercial and residential activity and is approximately 0.7 km from Sector 54 Chowk Metro Station.
Strengthening NCR Market Presence
Ashish Kanakia, CEO of Cineline India Limited, commented on the launch, stating that MovieMax at Metro World Mall is a crucial addition to the company's growing regional presence. He emphasized that Gurugram remains a high-potential market for entertainment. "With a premium format, contemporary design and a strategically located property," Kanakia stated, "we are confident that this cinema will resonate well with audiences in the surrounding catchment."The launch reinforces Cineline’s commitment to expanding its footprint through strategic properties across high-potential catchments while delivering differentiated experiences.
Operational Scale Update
With the addition of this new venue, MovieMax now operates a total of 88 screens spanning 23 properties across 15 cities throughout India.CINELINE Stock Price Movement
As of 12:29 PM, Cineline India Limited shares are rallying to ₹89.92 today after gaining 2.15% in live trading. Total traded volume for the company stands at 7,419 shares during the current market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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