Kapali theatre, located on Subedar Chatram Road in Gandhinagar, Bengaluru will soon be a history. The owners of the theatre have sold the building to a person from Belagavi, the Deccan Herald reports.
Built on 44,184 sq ft of land by Gopal Films and H Dasappa and Sons Private Limited, Kapali theatre was inaugurated by the then Union Finance minister, Morarji Desai, on February 16, 1968
The new owner has plans to demolish the theatre and construct a commercial complex with six-screen multiplex.
However the name of the buyer from Belagavi has not been disclosed.