The proposed mega Film City in Uttar Pradesh is expected to cost more than Rs 1,500 crore and position the state as a leading filmmaking centre in Asia.
UP chief minister Yogi Adityanath’s ambitious International Film City project is expected to be completed in eight years. The entire project entails an investment of Rs 1,510 crore.
In this regard, a milestone was achieved with the signing of a concession agreement between Boney Kapoor promoted company ‘Bayview Project LLP’ and the Yamuna Expressway Industrial development Authority (YEIDA).
The initial phase of the Film City, to be constructed in Sector 21 of Noida, will focus on establishing film-related facilities and a Film Institute, which will be completed in three years.
YEIDA CEO Arunvir Singh outlined the timeline for completing the Film City project, estimating it to be finished within eight years.
The financial breakdown for the project includes Rs 50 crore earmarked for construction in the first two years, followed by Rs 75 crore in the third year. Subsequently, Rs 100 crore is allocated for expenditure between the fourth and eighth years.
Singh detailed that Rs 832 crore will cover filming components such as studio backlots and open sets whereas Rs 373 crore will be allocated for hospitality, Rs 315 crore for service accommodation, Rs 109 crore for offices, and Rs 76 crore for infrastructure enhancements.
Regarding land allocation, the Film City will span 230 acres, of which 135 acres will be designated for filming facilities, and an additional 21 acres will be allocated for the Film Institute.
The remaining 75 acres will be utilised for various commercial purposes. This includes 57 acres for service accommodation, 2.37 acres for hospitality dormitories, 5.15 acres for upscale hospitality, 3.60 acres for upper upscale hospitality, 5.15 acres for F&B-focused retail development, and 2.37 acres for commercial offices.
During the signing ceremony, film producer Boney Kapoor said the preparations for the Film City had commenced well before the official agreement.
“Recently, during visits to London and LA, I had the opportunity to inspect numerous studios and observe the latest technological advancements in their construction. This international film city, under development in UP, is poised to set a global standard,” he said.
Moreover, Arunvir Singh emphasised the Authority’s commitment to enhancing connectivity for the project.
Recognising the need for smooth movement of large vehicles and equipment for setting up expansive sets, the Authority has decided to construct a 75-meter interlink lane, to be funded by its coffers.