Boney Kapoor's consortium inks agreement with Yeida for Noida Film City

July 1, 2024: filmmaker Boney Kapoor and Bhutani Infra-backed Bayview Projects signed a concession agreement with the Yamuna Expressway Industrial Development Authority (Yeida) to develop the Noida International Film City. Bayview Projects secured the project on January 31, 2024, by offering the highest revenue share of 18% to the Uttar Pradesh government among four bidders.

The agreement was signed by Boney Kapoor and Ashish Bhutani of Bhutani Group, witnessed by Yeida CEO Arun Vir Singh and Additional CEO Shailendra Bhatia, at the authority's office in Greater Noida. With this agreement, the developer has been granted the allotted land to start the first phase of the project.

The film city will be built on a 1,000-acre plot in Sector 21 of Yeida, along the Yamuna Expressway near Noida, under a public-private partnership. The first phase, covering 230 acres, is expected to be completed by 2027 and will focus on establishing film-related facilities and a film institute.

Of the total 1,000 acres, 220 acres are designated for commercial use and 780 acres for industrial use. The film city will feature seven distinct zones, including a 60-acre production and studio space, a 20-acre film university, a 15-acre factories and craftsmanship area, a 10-acre administrative and creative hub, and a dedicated entertainment and leisure zone.

The project is estimated to cost Rs 1,510 crore. For the first two years, Rs 50 crore is earmarked for construction, followed by Rs 75 crore in the third year, and Rs 100 crore annually from the fourth to the eighth year.

Bayview Projects faced competition from Super Cassettes Industries (T-Series), Supersonic Technobuild (backed by film star Akshay Kumar, Maddock Films, and others), and 4 Lions Films (backed by filmmaker KC Bokadia and others) for the development of the film city.

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Frequently Asked Questions

Ans 1. Broadcasting. Of the many companies and studios, Famous Studios has been producing feature films and TV programs on a regular basis for various satellite channels, which makes the film city a vibrant centre of flourishing activities.

Ans 2. After inking the agreement on Thursday, Boney Kapoor told reporters that it was now his "mission" to make this as the "world's best film city". Ashish Bhutani, MD of Bhutani Indra, told PTI that the first phase of the project in 230 acres would take a minimum investment of Rs 1,510 crore.

Ans 3. Sandeep Marwah A renowned international media personality Dr. Sandeep Marwah is hailed as the founder of Noida Film City, Marwah Studios, and Asian Academy of Film and Television.

Ans 4. Ramoji Film City is an integrated film studio facility located in Abdullahpurmet, Hyderabad, India. Spread over 1,666 acres (674 ha), it is the largest film studio complex in the world and as such has been certified by the Guinness World Records. It was established by Ramoji Rao in 1996.

Ans 5. The Innovative Film City in Bengaluru is an Indian movie theme park located at Bidadi, just 40 kilometres on the outskirts of the city towards Mysore. One of the most popular tourist attractions in Bangalore, the place covers almost 58 acres of land of fun-filled experiences.