The majority of "Nartanasala" portions were filmed in the sets erected at Vauhini and Bharani studios in Madras (now Chennai). Produced with a budget of 400,000, "Nartanasala" was released on 11 October 1963 in 26 centres. The film was a commercial success, completing a 100-day run in 19 centres and a 200-day run in two centres. It was also dubbed into Bengali and Odia languages. "Nartanasala" won the National Film Award for Second Best Feature Film and the Filmfare Award for Best Film – Telugu. At the third Afro-Asian Film Festival held at Jakarta in 1964, "Nartanasala" received two awards: best male actor (Ranga Rao) and best art director (Sarma). For the April 2013 centennial of Indian cinema, CNN-News18 included "Nartanasala" in its list of "The 100 greatest Indian films of all time".