[1] The architect Shorabji Bhedwar designed the Streamline Moderne building, marking the beginning of Back Bay reclamation in early 1938.

[2][3] Eros Cinema was commissioned in 1935 by the Parsi businessman Shiavax Cawasji Cambata in 1935 and its foundation was laid in the same year.

[2][3] Construction of the building on the then-newly reclaimed Back Bay plot housing shops and other businesses, apart from the cinema, took about two and a half years to complete.

[4] When the theatre was converted to an IMAX, all traces of the original auditorium were removed including the balcony, with only the large relief sculptures flanking the sides being incorporated.

The building is part of Victorian Gothic and Art Deco Ensembles of Mumbai, which was added to the list of World Heritage Site in 2018.