The Rs 1,000-crore group is setting up a film studio on 63 acre and an amusement park, including sea sports, on 15 acres besides a 100-room hotel to accommodate film personalities at Jeerupalem, about 70 km from Visakhapatnam.
"We have acquired 150 acres of land at Jeerupalem to set up a studio and an amusement park. The group is investing Rs 25 crore in these two projects excluding the land cost," Jupudi Lakshmi
The two projects would be ready in a year. This apart, Ocean Park is developing beach farm houses and farm plots on 73 acres.
In the second phase, the group is planning to develop a golf city on 150 acre at the Denkada village near Bhogapuram, he said.