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Ramayana’s Record ₹4,000 Crore Budget Draws Praise and Doubt

Namit Malhotra is bankrolling the two-part production with cutting-edge visual effects complemented by AI technology against a backdrop of growing skepticism over its ₹4,000 crore budget.

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Sanjay Gupta takes a jibe at Ramayana makers | Image: Republic

Overview

  • Namit Malhotra confirmed on July 15 that both parts of Nitesh Tiwari’s Ramayana are entirely self-funded at a combined cost exceeding ₹4,000 crore.
  • The two-part epic employs world-class VFX from DNEG, IMAX-scale filming and AI-enabled multilingual dubbing to appeal to global audiences.
  • Oscar-winning composers Hans Zimmer and A.R. Rahman are collaborating on the film’s original score, marking Zimmer’s debut in Indian cinema.
  • Several industry insiders and filmmaker Sanjay Gupta have publicly questioned whether the ₹4,000 crore figure accurately reflects the project’s true expenditure.
  • Despite the debate over cost, Ramayana remains on schedule for releases on Diwali 2026 and Diwali 2027.