Noida International Film City: The construction on the Noida International Film City project is expected to start within six months and it will create 50,000 jobs while benefitting up to seven lakh people indirectly, the Uttar Pradesh government said on Friday.
Bayview Projects, a consortium backed by filmmaker Boney Kapoor and real estate developer Ashish Bhutani, on Thursday signed an agreement to develop the film city with the Yamuna Expressway Industrial Development Authority (YEIDA), an undertaking of the UP government.
“…the construction of the Film City will provide employment opportunities to 50,000 people from the state and neighbouring states, while indirectly benefiting five to seven lakh people with job opportunities,” the state government said in a statement
Filmmaker Boney Kapoor and Bhutani Infra backed firm Bayview Projects have signed a concession agreement with YEIDA to carry out the development of Noida International Film City. The bid was won on January 31 by Bayview Projects with the offering of 18 per cent revenue share to the Uttar Pradesh government. This was the highest among the four bidders.
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