While the bid is open for all and with players Inox and PVR in the fray, at rental rates around Rs.50/sqft, Sathyam is said to be in the final stages of inking the deal, as per Economic Times
Economic Times :The possible seating capacity and potential audience turnout for the multiplex is obviously a concern for Sathyam, due to the location of the project (at Maraimalai Nagar, in the outskirts of Chennai). Sathyam may be using this point as a negotiating tool in the process leading to finalizing the rental rates.
“Sathyam is all set to develop and operate six screens in the 45,000 sq. ft. multiplex space within the township, though the agreements have not been signed yet,” a source in L&T Arun Excello, the developer and promoter of Estancia, told ET.
Construction work for the multiplex space is expected to be will be over by mid 2010, while the cinemas are expected to be operation by March 2011.
Apart from this, MPEG4 compatible DTH wiring is to be being provided to all apartments..
Economic Times :Good to know that the wiring will remain compatible with other service providers.
...The resident will only have to purchase the set top boxes, which are dependent on the DTH service provider. The developer expects these service providers will not have a problem with using common wiring.
It seems that L&T Arun Excello is not going to let the slow down get in its way, firing away PR after PR of exclusive facilities coming up at its project. Good show guys !! Hope you turn the market attention into sales.
(This post is part of the Discussion on Arun Excello Estancia at PlaceToLive.in)