Imagicaaworld to Build India’s Largest Waterpark in Gujarat to expand in Gujarat with the acquisition of 100 per cent equity in Malpani Parks Ahmedabad Pvt Ltd (MPAPL). The deal, valued at Rs 750 million, will be executed through a mix of share purchase and fund infusion towards liabilities, making MPAPL a wholly owned subsidiary of IEL. The acquisition is subject to shareholder approval.
This strategic move secures prime non-agricultural land of 34 acres with highway frontage and strong connectivity, paving the way for the development of India’s largest waterpark near Ahmedabad. The project will feature world-class rides, slides, and attractions built to international standards, establishing a new benchmark for entertainment infrastructure in India.
This marks IEL’s third major project in Gujarat, following Aqua Imagicaa Water Park in Surat and the Sabarmati Riverfront project near the Atal Bridge in Ahmedabad. It further highlights the company’s growing commitment to Gujarat’s tourism and entertainment sector.
Commenting on the development, Jai Malpani, Director of Imagicaaworld Entertainment Limited, said: “We are committed to creating best-in-class entertainment experiences for Indian consumers, and the Ahmedabad-Gandhinagar belt will now host the country’s largest water park. This investment strengthens our geographical growth strategy and reinforces our position as India’s most trusted entertainment brand.”
With this acquisition, IEL aims to accelerate development timelines, deepen its market presence, and enhance customer experiences. The project is expected to significantly boost tourism, consumer spending, and economic activity in Gujarat. The expansion comes shortly after IEL opened Aqua Imagicaa in Indore, strengthening its presence in Central India and underscoring its ambition to deliver world-class entertainment to new geographies across the country.
