Yamuna authority proposes three financial models for development of film city


NEW DELHI: The Yamuna Expressway Industrial Development Authority (YEIDA) has suggested three financial models for development of 1,000-acre film city in Noida along the Yamuna expressway and will do a feasibility study to select the best one.

The three suggested models are – authority acting as developer and leasing it to individual applicants or authority leasing the entire land parcel to one developer who then sublease to applicants or authority developing it in a public private partnership.

โ€œThese are the initial suggestions, the feasibility study might give us more options. The board meeting has approved the proposal for feasibility study,โ€ said Shailendra Bhatia, additional chief executive officer of the Yamuna Authority.

Chief minister Yogi Adityanath on Tuesday had unveiled a plan to set up a dedicated infotainment (film city) and rolled out an open offer to the film fraternity to come to the state.

The CM had said the government is well aware of the present trend of OTT and media streaming platforms and has planned a high-capacity data centre along with all pre-production and the post-production infrastructure, processing labs, VFX and digital technology of international level.

Yamuna authority has identified 780-acre land for industrial purpose and 220-acre for commercial purpose.

As per the first model, authority will prepare the detailed lay out plan of the entire land parcel and will be responsible for the internal and external development.

Other options are to lease it to single developer or do it in PPP model.

The proposed site is just an hour away from New Delhi and very close to the proposed international airport at Jewar.

Having also been close to Agra, the city of Taj, Mathura, the birthplace of Krishna and near to the proposed logistic hub in Noida, the proposed dry port and freight corridor thus providing all facilities of transport and movement.





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