Indian gaming company Microgravity has been called upon by the Mayor’s Office of London to develop a unique augmented and virtual reality gaming arena in the city. The two institutions are expected to finalize the terms of the deal over the next couple of weeks.
“We have received an expression of interest from a London-based fund to set up a gaming hub similar to our offering in Gurugram, Haryana – in London. We are raising £1.5 million with a London-based real estate investment trust (REIT) for this project,” said Rahul Bhattacharya, Managing Director of Microgravity
“The business and economy wing of the London mayor’s office contacted us and appointed London & Partners to help us find the right location and funds for setting up the facility,” he added.
The work on the facility is set to begin in January 2022 itself. The entities aim to launch the facility for the citizens of London by July 2022.
Erstwhile London mayor Boris Johnson set up London & Partners in 2011 as a non-profit, public-private partnership (PPP) company. The organization works towards establishing promotional partnerships to drive jobs and economic growth in the city.
Microgravity offers physical AR/VR gaming arenas. The company has a state-of-the-art facility in Gurugram, a rapidly developing finance and tech hub adjacent to the national capital in India.
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