Work on the proposed Film City near Noida is expected to gather momentum at the next meeting of the empowered committee to be held on Monday.

rawan239

2 years ago

The proposed Film City is to come up at Sector 21 of the Yamuna Expressway Industrial Development Authority (YEIDA) under public-private PARTNERSHIP (PPP) guidelines.

The meeting is expected to roll out the bidding process by finalising the request for proposal (RFP) of the tender document. The RFP will clearly define the form and content of the final offer. The project involves development of the Film City on about 1,000 acres of land which includes industrial and commercial land

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use. The total allotment value of the land is about Rs 7,213 crore, whereas the acquisition cost and external development cost is about Rs 2,157 crore.

In this DFR a total two scenarios were created — one focused on the film and media alone while the other focused on a fair mix of filming and media industry along with a healthy entertainment segment. The latter scenario was selected for further study and financial modeling and structuring.