After months of delays, a consortium led by filmmaker Boney Kapoor won the bid to build the 230-acre Noida film city.
A consortium led by film producer Boney Kapoor has outbid others led by actor Akshay Kumar and producer Bhushan Kumar to build Noida Film City, which will span 230 acres along the Yamuna Expressway. According to a Times of India report, the film city will include a firm university, a cinema museum, and a helipad, among other facilities. It is just 6 kilometers from the upcoming Noida International Airport.
The final four bidders
The greenfield project was presented to Uttar Pradesh government officials in June by Super Cassettes Industries Private Limited (T-Series), Supersonic Technobuild Private Limited (Dinesh Vijan’s Maddock Films, Akshay Kumar’s Cape of Good Films LLP, and others), Bayview Projects LLP (backed by Boney Kapoor, real estate company Bhutani Group, and Noida Cyber Park), and 4 Lions Films Private Limited (backed by filmmaker KC Bokadia and others).
The project is being developed using a public-private partnership (PPP) model. Bayview Projects LLB emerged as the company with the highest revenue share to the state government and thus was chosen as the greenfield project developer. The project’s bid was released on September 30, 2023, with a closing date of January 5, 2024. The bid for the development of Film City was floated for the third time in June, following two previous attempts that failed to attract investors.
Bayview Projects LLP will sign a concession agreement with the Yamuna Expressway Industrial Development Authority in June to take possession of the land. It will have six months from the signing of the contract to start construction.
Noida Film City
The Noida Fim City, a pet project of Uttar Pradesh Chief Minister Yogi Adityanath, is planned as an international project spanning over 1,000 acres (230 acres in the first phase) along the Yamuna Expressway. The project is located in Sector 21 of the Yamuna Expressway Authority, 6 km from the Noida International Airport.
Of the 230 acres, 155 are reserved for the core film industry, and 75 acres are set aside for commercial development. The Film City will feature amenities such as a cinema museum, a film university, and a helipad, among others.