Yamuna authority hands over possession of 230 acres for phase one of Film City project
The Yamuna Expressway Industrial Development Authority (Yeida) has officially handed over 230 acres of land to Bayview Bhutani Film City Private Limited, led by renowned filmmaker Boney Kapoor. This marks the first phase of the highly anticipated Film City project in Greater Noida. The project, envisioned by Uttar Pradesh Chief Minister Yogi Adityanath, aims to establish the world’s largest Film City, strategically located near the upcoming Noida International Airport along the Yamuna Expressway.
Yeida’s chief executive officer, Arun Vir Singh, personally handed over the possession letter to Boney Kapoor in his office, followed by an on-site visit to Sector 21. During the event, farmers whose land was acquired for the project were acknowledged and appreciated for their support. The foundation laying ceremony is expected to be scheduled soon, likely before April-end, aligning with the upcoming launch of the Noida International Airport’s commercial operations.
Why Invest in the Upcoming Film City?
- Strategic Location:
- The Film City is situated along the Yamuna Expressway, adjacent to the upcoming Noida International Airport, ensuring seamless connectivity.
- Proximity to Delhi-NCR offers excellent accessibility for filmmakers, production houses, and investors.
- Government Support:
- The Uttar Pradesh government is actively backing the project, offering incentives and ensuring swift approvals.
- CM Yogi Adityanath’s vision aims to make Uttar Pradesh a major hub for the entertainment industry.
- High Growth Potential:
- The project spans 1,000 acres, with phase one covering 230 acres, promising large-scale development.
- Yeida has already approved the layout plans, paving the way for immediate construction.
- Employment Opportunities:
- The Film City is expected to generate approximately 500,000 jobs, directly and indirectly.
- Local manpower will be trained through a dedicated film institute, creating new career avenues.
Benefits of Investing in Film City
- Booming Real Estate Market:
- The presence of a world-class Film City will significantly boost real estate values in the region.
- Increased demand for commercial spaces, hotels, and residential developments.
- A Thriving Entertainment Hub:
- The Film City will feature state-of-the-art studios, hotels, and production facilities, attracting filmmakers from India and abroad.
- Advanced infrastructure, including climate-controlled indoor studios for all-season shooting, will reduce production costs.
- Eco-Friendly Development:
- The project mandates green building certifications and sustainable construction practices.
- Landscaping and horticulture plans will ensure minimal environmental impact.
- Diverse Investment Opportunities:
- Potential investments in hotels, restaurants, production houses, and tourism-related businesses.
- Growth in retail, hospitality, and service industries due to increased footfall.
With Yeida’s approval and strategic planning, the Film City project is poised to transform the region into a premier filmmaking and entertainment destination. Now is the perfect time to invest and be part of this historic development. For more details and investment opportunities, visit www.smartbrickz.in.
