Greater Noida: The Yamuna Expressway Industry Development Authority (Yeida) on Sunday initiated the Global Tender for the City Film Project Rs 10,000 Crore, which will appear in Sector 21 in public-private partnerships in three phases.
The first phase of this project is expected to be ready in 2024 and the final phase in 2029.
“This will be the first film film Uttar Pradesh and the third in this country after Mumbai and Hyderabad.
This will be wider and expansive than the two city films today at This country Tell the Toi on Sunday.
Investment worth RS 17,000 Crore is expected from the project, he added.
According to officials, the Bid of Global Tender will be available on the Yeida and National Informatics Center (NIC) website with ‘Request for Proposal’ (RFP) from November 23 while the pre-bidding will be held on December 8.
Detailed project reports (DPR) were approved by the government above on November 20.
While working on this project is expected to begin in mid-January next year when the developer is resolved, it may be postponed because of the behavior of the state assemblict.
Scheduled early next year.
Technical and Financial Qualifications developers for the project, officials said, will be in accordance with RFQ (requests for quotes) and RFP documents, which include previous construction, development, and projects in films and media related sectors with a minimum Net Wealth of Rs 2,500 Crore.
“The concession period will be for 40 years that can be extended for up to 30 years.
Offer parameters include premium share or annual income, which is higher, paid to Yeida,” Singh said.
Reports of feasibility and DPR from the film city project were previously submitted by CBRE South Asia Private Limited consultants on June 7 earlier this year.
While the first phase of film films will include construction related to film production, such as film studios (on 20 hectares), film facilities (740 hectares), a film institute (40 hectares), an amusement park (120 hectares) with villas among others , hospitality, resort and commercial activities will be developed in the second phase in 2026-27.
Retail development and the rest of all work will be carried out in the final phase in 2028-29.
“In the first phase, 80% of work related to film production will be carried out so that film shooting can begin earlier,” Singh said.