Auric Group’s ₹65 Crore Investment in Faridabad Amusement Park
Real estate developer Auric Group has announced a ₹65 crore investment to launch a family-centered amusement park in Greater Faridabad, teaming up with recreational operator Sky Jumper Sports. Situated within the Universal Square commercial project in Sector 79, the 16,000 sq ft entertainment zone is set for a Q2 2024 launch, marking a strategic expansion into mixed-use leisure infrastructure in the National Capital Region (NCR).
Investment Breakdown
Key financial allocations include:
- Land acquisition: ₹50 crore for prime commercial land at Universal Square
- Construction and infrastructure: ₹15 crore to build rides, gaming zones, and accessibility features
Project Specifications
| Feature | Details |
|---|---|
| Size | 16,000 sq ft indoor facility |
| Location | Sector 79, Faridabad (NCR industrial and residential hub) |
| Target Audience | Families, children, and corporate groups looking for leisure options |
| Launch Timeline | Scheduled for Q2 2024 to align with peak leisure-season demand |
Strategic Partnership with Sky Jumper Sports
The collaboration leverages Sky Jumper Sports’ expertise in designing interactive recreational spaces, focusing on:
- Family-friendly activities: Rides, arcade games, and group activities
- Modern amenities: Advanced safety protocols and mobility accessibility
- Community engagement: Regular events and seasonal festivals
Implications for NCR Commercial Real Estate
This project aligns with growing demand for integrated lifestyle hubs, enhancing Universal Square’s appeal as a:
- Mixed-use destination: Propose a mixed-use development that includes both residential and commercial spaces
- Economic multiplier: Expected to attract foot traffic, boosting tenancy rates in adjoining commercial properties
- Social infrastructure: Addressing NCR’s growing need for family-oriented recreational spaces amid urban sprawl
The investment underscores Auric Group’s commitment to evolving traditional commercial spaces into dynamic community ecosystems, blending economic and social value. As part of this vision, the park will feature zoned areas catering to diverse age groups, ensuring broad appeal for residents and visitors alike.