Greater Noida: Yeida Approves Layout Plan for Film City, Construction to Begin Soon
The much-anticipated Film City in Sector 21, Greater Noida, has taken a major step forward as the Yamuna Expressway Industrial Development Authority (Yeida) has officially approved its layout plan. The project, led by filmmaker Boney Kapoor’s Bayview Bhutani Film City Private Limited, is now set to commence construction on the ground.
Bayview Bhutani submitted the layout plan on December 24, 2024, and following a comprehensive review by the planning department and a high-level committee, Yeida has granted approval. With this green signal, the developer can now proceed with site development as per the stipulated guidelines.
Key Project Highlights
- The Film City will be developed on 1,000 acres, with Phase 1 covering 230 acres.
- The project is estimated to cost ₹1,510 crore and will be completed in a phased manner over eight years.
- The developer must adhere to various conditions, including approvals for parking, landscaping, and horticulture, and compliance with green building standards such as GRIHA 4-Star or IGBC Gold certification.
- A film institute will also be set up as part of the project.
- Construction is expected to begin in February 2025.
According to Yeida CEO Arun Vir Singh, the approval of the layout plan marks a crucial milestone for the project. “We have paved the way for construction to commence, but the developer must follow the set terms and conditions for successful implementation,” he said.
Why Invest Near Film City and Jewar Airport?
With Film City receiving its final layout approval and construction set to begin, the surrounding areas, including plots near Jewar Airport, present an excellent investment opportunity. Here’s why:
1. Real Estate Appreciation
The development of Film City and Jewar Airport is expected to drive property prices upward. Investors who secure plots now can anticipate high returns in the next few years as infrastructure progresses.
2. Boost in Commercial and Residential Demand
The Film City will attract filmmakers, production houses, and related businesses, creating demand for residential and commercial spaces nearby. Hotels, restaurants, and rental properties will see increased occupancy rates.
3. World-Class Infrastructure Development
With the Noida International Airport (Jewar) set to become operational soon, the area will witness a massive infrastructure upgrade, including new roads, metro connectivity, and business hubs, making it a prime location for investment.
4. Government Support and Policy Benefits
The Uttar Pradesh government is actively promoting the Film City project and offering incentives to investors and businesses. This makes it a low-risk and high-reward investment opportunity.
5. Proximity to Major Highways and Expressways
The region is well-connected via Yamuna Expressway, Eastern Peripheral Expressway, and the upcoming metro expansion, ensuring seamless connectivity to Delhi, Noida, and other NCR regions.
6. Employment and Business Growth
As Film City and Jewar Airport progress, thousands of jobs will be created, driving economic growth and attracting professionals who will need housing, retail, and entertainment options.
Conclusion
Investing in plots near Film City and Jewar Airport is a strategic decision that promises high returns, business opportunities, and long-term value appreciation. With major projects gaining momentum, now is the best time to explore real estate investments in this emerging economic hub.
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