Stand alone iconic theaters doing the disappearing act into commercial realty space. The luxury theater of 1970s and 1980s of Bangalore south was Uma theater of Chamrajpeth.
The rich and the elite crowd of Bangalore preferred this movie theater cos of its cleanliness and quality balcony seating in those days.
The parking lot of Uma theater was filled with ambassador cars and fiat premier padmins cars in the gone by years.
For any theaters to succeed, the footfalls to the auditorium is the key, to get the right footfall, catchment area is super key. Uma theater had the key and the super key to succeed, Uma theater catchment area was defined to all of Chamrajpet, Basvangudi stretching up to jayanagar. This unique catchments area defined the success of Uma theater. Today we see Uma Theater under the demolition umbrella.
The commercial complex way- Uma theater is built on a 32000 sft corner property on chamarajapet main road. Once fully developed into commercial complex, the land owners Rajus (also owners of Shanthi theater which is already converted to a software office space near south end circle jayanagar) will get a super built up area of 1.2 lakh Sft.
The current market price of the land valued is at Rs.30.crs. Land owners net realization and revenue per sft is low compared to stand alone theater revenue to a full developed commercial parcel revenue model, hence this a business call, keeping the sentiments away is the land owners thought process.
It’s sad to see an amazing, well defined, proven,tested, catchment area flow of Kannada film lovers into Uma Theater, that will come to end in the days to come. Let the land owners redevelop a UMA multiplex, with multiple screens, to take this legacy forward and balance their business interest and legacy together.
Hoping to see a Uma Multiplex for Kannada film lovers.
(Written by Prashanth Sambargi)