India, Feb. 7 -- Sahakar Plaza, a single screen cinema hall in Tilak Nagar which regaled movie goers for more than five decades, has been pulled down to make way for a multi-storeyed commercial complex.

"Excavation work has begun to lay the foundations of the commercial building," said Shilpin Tater, founder of Superb Realty, the company that acquired the cinema hall for Rs.72 crore from eight families which jointly owned the property.

The glass facade building could be launched in the coming days, Tater said.

Sahakar Plaza commenced commercial operations in 1968, and exhibited numerous popular movies in various Indian languages across decades till the Covid-19 pandemic, depleting footfall and rising popularity of OTT (Over The Top) pl...