Film City project: Yamuna Expressway Authority submits report to UP govt, meeting to finalise 3rd global tender soon

 Film City project: Yamuna Expressway Authority submits report to UP govt, meeting to finalise 3rd global tender soon

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The report mentions recommendations such as giving a direct lease of 90 years instead of the current 60+30 years arrangement proposal, allotting smaller plots, etc.

The Yamuna Expressway Industrial Development Authority (YEIDA) has submitted its report on the proposed new Film City project after incorporating suggestions and recommendations by filmmakers, production houses and music companies to the Uttar Pradesh government, officials said.

The authority has suggested a meeting of the state’s public-private partnership bid evaluation committee to discuss and approve the relaxations and terms of the third global tender for developing the project.

According to officials, the report mentions recommendations such as giving a direct lease of 90 years instead of the current 60+30 years arrangement proposal, allotting smaller plots, etc. The much-awaited 1,000-acre Film City is expected to come up in Sector 21 of YEIDA along the Yamuna Expressway and supplement the saturated sister project in Sector 16, Noida.

A YEIDA official said that a number of meetings were held with several industry players that include music companies and production houses such as T-Series and Omaxe, the developer that is part of a consortium with Adlabs Films, television giant Star group, multiplex chain PVR, MX Player, video-on-demand platform Zoom TV and Sony, the movie production house.