Are amusement parks the answer to soaring real estate prices?

As the real estate sector surges ahead in the country, new formats are being introduced by developers in a bid to offer something new as well as stay afloat in this period of slowdown. One of the more lucrative formats is the concept of new age, world-class amusement parks-cum-malls. There are around 150 parks in India, with 10-15 coming up over the next few years. Worth Rs 3,000 crore, the industry has been growing at 25 per cent per annum during the last five years, according to industry experts.