‘I have learnt a lot from the film city by visiting many countries’
The start of entry of his film ‘No Entry’ in Yamuna City
Noida Film City- Boney Kapoor reached Greno to sign agreement
Flim City Proposed in 1000 acres
The first 80 crores will have to be deposited
Greater Noida: Film producer Boney Kapoor reached Greater Noida on June 27, 2024, to sign the agreement for the proposed Film City in Sector-21 of Yamuna Expressway Industrial Development Authority (YEIDA). There will be an agreement between YEIDA and Boney Kapoor’s company for the proposed Film City project to promote film industry in UP.
Film producer Boney Kapoor says, “I have learned a lot for the Film City by visiting many countries.”
He announced to start off the entry by his film ‘No Entry’ in Yamuna City. YEIDA CEO Dr. Arun Veer Singh promised to provide infrastructure facilities rapidly.
At the same time, today after the formalities of taking possession of land for the first phase of the Film City are completed by Boney Kapoor’s company, Boney Kapoor will also launch the model of the Film City with his family in the board room of YIDA. Through this, he will give information about every effort to bring the Film City to ground. Detailed information about the facilities of the entire Film City will be given through the model.
There will be an agreement between YEIDA and Boney Kapoor’s company for the proposed film city project to promote the film industry in UP.
Flim City Proposed on 1000 acres
The Film City is proposed in one thousand acres in Sector-21 and the first phase will start in 230 acres. For this, Boney Kapoor’s company Bayview Projects, along with the Bhutani Group, have become the developer company by placing the highest bid. The allotment letter has also been issued to the company from the UP Cabinet. The process has been going on for a long time regarding the construction of the film city. Before its construction, Boney Kapoor visited many countries to study film cities around the world.
The first 80 crores will have to be deposited
Before starting the construction of the film city, the company will have to deposit Rs 80 crore in the authority as a security amount. Also, YEIDA will get 18 per cent of the income from the film city. The authority will prepare other facilities including roads in the film city. The entire work of its design and construction will be the responsibility of the company. The company will not be able to make any changes in the design and fixed proposals of the film city. Boney Kapoor will also form a Special Purpose Vehicle (SPV) so that the entire design and construction can be prepared as per the prescribed rules. The entire construction work will be done based on the conditions placed before the company by YEIDA.