Wonderla Holidays Limited has received a six-month extension from the Tamil Nadu Government for the commissioning of its upcoming amusement park in Chennai. The company now has until December 2, 2025, to commence commercial operations while continuing to benefit from the previously approved 10-year Local Body Tax (LBT) exemption.
Under the original Government Order dated June 2, 2023, the park was required to begin operations within 24 months—by June 2, 2025—to qualify for the LBT exemption. Wonderla formally requested additional time, and the state government has approved the extension.
This development allows Wonderla to complete construction and begin operations by the revised deadline, without losing eligibility for the full decade-long tax exemption.
News by Rahul Yelligetti.