Supersonic Technobuild News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bayview Projects LLP and Bhutani Group beat out three other players to secure the rights for the Film City project in Sector 21 near Noida airport.

Real estate developer Bhutani Group, in a PPP with the Uttar Pradesh government, secures the concession for the proposed international film city near Noida airport. Backed by filmmaker Boney Kapoor, the project aims to be the world's best with groundbreaking features. Bayview Projects, led by Ashish Bhutani, clinched the deal with the highest revenue share. The film city, a pet project of Chief Minister Yogi Adityanath, spans 1,000 acres in YEIDA.

Backed by ace filmmaker Boney Kapoor, Bayview Projects, clinched the deal by offering the highest revenue share of 18 per cent to the state government for the Film City project in Noida, according to the Yamuna Expressway Industrial Development Authority (YEIDA).The film city will be built in over 1,000 acres (230 acres in the first phase) in Sector 21 of YEIDA along the Yamuna Expressway. , Delhi News, Times Now

In a meeting held at the higher level in Lucknow in August 2023, it was decided that the Film City will be developed in a phased manner instead of the entire 1,000-acre area being developed in one go.

Four film production companies — T-Series and those backed by actor Akshay Kumar and producers Boney Kapoor and KC Bokadia — have passed the technical bid evaluation for UP government’s Film City project near the Noida international airport. The financial bids will be opened on Tuesday, while the company that will eventually build the first phase of the project will be announced next month, officials said.