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An Indian real estate company has reportedly received approval in principal to build a $2 billion theme park in the state of Gujarat.

Business Standard reports that Atlanta Ltd. would construct the park in Sarat, the capital city of Gujarat and India's eighth most populous city. The project could commence as early as April 2012, if the state government gives the final go-ahead during the next few weeks. It is claimed that the park would be the "largest theme park in Asia".

Atlanta claims to be in talks with Disney about partnering on the project, as well as Resorts World Sentosa (which operates Universal Studios Singapore). Bizarrely, the report also claims that the company is in discussions with Canada's Wonderland, the Cedar Fair-run park in Ontario. Partnership agreements will not be finalised until the project has full approval to move ahead.

The proposed theme park resort would cover some 3,200 acres, which would be purchased from the Gujarat government. It would be located close to Suvali Beach, a 3.3 kilometre stretch of Arabian Sea coast around 20 kilometres from Surat.

Plans for the resort would see it hosting five theme parks, as well as water parks, ice skating rinks, an indoor skiing center, hotels and production studios. A wide range of temporary and permanent accommodation would also form part of the development. Atlanta is aiming to open the first phase of the resort within three to five years, and expects it to attract 10 million visitors per year.

Sarat has a population of 4.6 million and is one of the fastest-growing cities in India. It has been targeted as a site for the theme park resort due to its rapid GDP growth rate, with the burgeoning middle class seen as ideal customers.



City name is Surat and not Sarat and its the not the capital city of Gujarat

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