Uttar Pradesh is finally getting the much-awaited International Film City. On Thursday, the state government and the Yamuna Expressway Industrial Development Authority signed a mega Rs 15,100-crore deal with a leading Bollywood filmmaker for the project. The man, who has given some of Bollywood’s biggest hits over the years, once lived in the outhouse of a leading superstar but is now one of the most successful names in Indian film industry.
Uttar Pradesh is finally getting the much-awaited International Film City. On Thursday, the state government and the Yamuna Expressway Industrial Development Authority signed a mega Rs 15,100-crore deal with a leading Bollywood filmmaker for the project. The man, who has given some of Bollywood’s biggest hits over the years, once lived in the outhouse of a leading superstar but is now one of the most successful names in Indian film industry.
The filmmaker building a Rs 15,100-crore film city in UP
Filmmaker Boney Kapoor and Bhutani Infra-backed firm Bayview Projects on Thursday signed a concession agreement with YEIDA for development of Noida International Film City, whose first phase will be completed by 2027. The initial phase of the proposed film city will focus on establishing film-related facilities and a film institute.
Kapoor and Ashish Bhutani of Bhutani Group signed the agreement in presence of Yamuna Expressway Industrial Development Authority (YEIDA) CEO Arun Vir Singh and Additional CEO Shailendra Bhatia at the authority's office in Greater Noida.
Arun Vir Singh said the film city is likely to be completed within eight years. "Initially, the focus is on completing film facilities and the film institute within three years...The total budget allocated for this ambitious venture is Rs 1,510 crore," Singh said. He said Rs 50 crore is earmarked for construction in the first two years, followed by Rs 75 crore in the third year. Subsequently, Rs 100 crore is allocated for expenditures between the fourth and eighth years, he said. Bayview Projects had won the bid on January 31 with the offering of 18 per cent revenue share to the Uttar Pradesh government - the highest among four bidders.
All about UP’s International Film City
The film city is to be built at a 1,000-acre land in Sector 21 of YEIDA along Yamuna Expressway near Noida. About 230 acre will be developed in the first phase. While 220 acre will be for commercial use, 780 acre will be for industrial use. Ashish Bhutani said the greenfield project would also generate 10,000 employments.
According to Bayview Projects, the film city will have seven distinct zones, including production and studio space in 60 acre, a film university in 20 acre, factories and craftsmanship area in 15 acre, administrative and creative hub in 10 acre and a film university in 20 acre besides a dedicated zone for entertainment and leisure.
Boney Kapoor’s early life
Boney Kapoor was born in 1955 in Meerut to Surinder Kapoor. He is the older brother of actors Anil and Sanjay Kapoor. The family moved to Bombay when Boney was a child. Surinder Kapoor sought help from distant cousin Prithviraj Kapoor and the family lived in the garage and outhouse of Raj Kapoor for a few years. Then Surinder became a film producer himself, with Boney following in his footsteps in the 80s.
With inputs from PTI
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