Project to develop Film City in Noida speeds up

| | New Delhi
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Project to develop Film City in Noida speeds up

Friday, 28 June 2024 | PNS | New Delhi

The project to develop Noida International Film City, led by filmmaker Boney Kapoor’s Bayview Projects LLP in collaboration with Bhutani Group, on Thursday advanced significantly.

After winning the bid with a promising 18 per cent revenue share offer to the Uttar Pradesh Government, Kapoor and his team have signed a concession agreement with the Yamuna Expressway Industrial Development Authority (YEIDA).

This agreement allows them to proceed with the development of the Film City on a sprawling 1,000-acre site near Noida.

The signing ceremony, attended by Kapoor, Ashish Bhutani, and senior YEIDA officials including CEO Arun Vir Singh, marks a crucial milestone. The initial phase of development will cover 230 acres, focusing on creating world-class infrastructure for the film and media industry. The project, estimated to cost Rs 1,510 crore, emphasizes a strategic blend of commercial and industrial zones within the Film City to foster economic growth and cultural development in the region.

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