We are pleased to inform that the operations of Praveg Adalaj Theme Park - A Landmark destination for premium events have officially commenced on September 25, 2025. Please find attached ....
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Praveg Ltd has officially launched operations at Praveg Adalaj Theme Park on September 25, 2025, through its wholly-owned subsidiary Praveg Adalaj Tourism Infrastructure Pvt Ltd. The venue is developed under a Public-Private Partnership with TCGL on a 30-year lease, located on the Ahmedabad-Gandhinagar Highway. Spread across 23,000 sq. metres, it features a heritage museum, a 4,500 sq. metre open garden, a 1,350 sq. metre amphitheatre, dining and ceremony areas, and a 5,000 sq. metre parking facility. The park includes exclusive venues like Jal Tarang (open-air amphitheatre) and The Vaav (inspired by the Adalaj Stepwell), designed to host corporate events, weddings, concerts, government conferences, and cultural gatherings.
This launch expands Praveg's event and hospitality infrastructure, adding a new revenue stream from a premium venue in a fast-growing event hub. For shareholders, it signals business diversification and long-term growth potential, though near-term impact depends on bookings and occupancy at the new property.