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Ram Gopal Varma claims Ramayana Part 1 was made on a budget of under Rs 800 crores; says, “Ramayana 2 will do 10 times more than Ramayana Part 1”

Ram Gopal Varma said the film’s first part can recoup its cost through theatrical and non-theatrical revenue, while the sequel could earn 10 times more.

  • On Sunday, filmmaker Ram Gopal Varma claimed Ramayana Part 1 production costs were under Rs 800 crore, refuting widespread assertions that the film requires massive revenue to break even.
  • Critics argue the project faces high costs, with estimated budgets of Rs 2300 crore per film totaling Rs 4700 crore, though Varma dismissed these claims as "stupid."
  • Ramayana Part 1 surpassed Rs 1000 crore worldwide within eight days of its November 5 release, with Varma noting his mother's ticket purchases for building staff demonstrate the film's cross-demographic reach.
  • Varma hailed co-producer Namit Malhotra as the "biggest filmmaker" since the 1913 release of Raja Harishchandra, noting plans for merchandise, theme parks, and gaming as additional revenue streams.
  • The second instalment, co-produced by Malhotra and Yash, is expected to arrive on Diwali 2028, with Varma claiming "Ramayana 2 will do 10 times more than Ramayana Part 1.
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14 Articles

Lean Right

After watching the film Ramayana, Ram Gopal Varma has made some revelations that even the makers haven't revealed. He claims that the first part of Ramayana was made at a cost of ₹800 crore, not ₹2,000 crore.

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India Today broke the news in Noida, India on Sunday, November 15, 2026.
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