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UP GOVT LIKELY TO LAY FOUNDATION STONE OF FILM CITY PROJECT AFTER LS POLLS
The Business Guardian
|April 10, 2024
As per the real estate consultancy firm CBRE, the development of the first phase of International Film City in Noida is expected to generate direct and indirect employment for 10,000 people.
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The foundation stone for Uttar Pradesh's government ambitious International Film City project is likely to be laid soon after the Lok Sabha elections, according to sources.
According to sources, the foundation stone of the project will probably be laid by late June 2024 after the general elections. The nationwide Lok Sabha elections are set to begin on 19 April and will continue till 1 June. The results of the election will be announced on 4 June, 2024.
In a Cabinet meeting held last month in March, the UP government gave approval for the film city project. Later that month, the government also issued the award letter for the concessionaire of the project.
Baywatch Projects LLP, helmed by Bollywood filmmaker Boney Kapoor, heads a consortium with Noida's Bhutani Infra to develop the Film City project near Noida International Airport along the Yamuna Expressway. The first phase of the project will be built on 230 acres of land.
This story is from the April 10, 2024 edition of The Business Guardian.
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