+
YEIDA Clears Rs 100 Billion Noida Film City Plan
ECONOMY & POLICY

YEIDA Clears Rs 100 Billion Noida Film City Plan

The Yamuna Expressway Industrial Development Authority (YEIDA) has approved the revised layout plan for the ambitious Noida Film City project, clearing the way for the Rs 100 billion (approx. USD 1.2 billion) venture after earlier objections. The approval, granted on 10 June, follows the rectification of environmental and safety compliance issues by the developer consortium led by film producer Boney Kapoor.

YEIDA had initially rejected the proposal on 27 May due to violations of designated green areas and the absence of mandatory no-objection certificates (NOCs). These issues have now been resolved, with the developer submitting updated land use plans, fire safety clearance, and structural stability certification. Additionally, the revised plan ensures that 15 per cent of the total area will be maintained as green cover.

YEIDA CEO Arun Vir Singh confirmed the approval, stating that the revised layout fully aligns with land-use regulations and necessary compliance standards. However, he clarified that the approval applies only to Phase 1 of the project, which covers the industrial zone.

The first phase spans 80 acres and will house a film institute and production studios. Overall, the Noida Film City project will cover 230 acres in Sector 21, with 155 acres allocated for industrial use and 75 acres for commercial development. Within the industrial portion, 21 acres have been reserved for the institute, while the remaining 134 acres will host various film-related infrastructure.

The concession agreement stipulates that large-scale commercial construction can begin only after 15 per cent of the core film infrastructure—comprising studios, production units, and the film institute—is completed. These facilities are expected to be operational within three years.

YEIDA's nod marks a major step forward for the project, aimed at positioning Noida as a leading hub for film and media production in India.

The Yamuna Expressway Industrial Development Authority (YEIDA) has approved the revised layout plan for the ambitious Noida Film City project, clearing the way for the Rs 100 billion (approx. USD 1.2 billion) venture after earlier objections. The approval, granted on 10 June, follows the rectification of environmental and safety compliance issues by the developer consortium led by film producer Boney Kapoor.YEIDA had initially rejected the proposal on 27 May due to violations of designated green areas and the absence of mandatory no-objection certificates (NOCs). These issues have now been resolved, with the developer submitting updated land use plans, fire safety clearance, and structural stability certification. Additionally, the revised plan ensures that 15 per cent of the total area will be maintained as green cover.YEIDA CEO Arun Vir Singh confirmed the approval, stating that the revised layout fully aligns with land-use regulations and necessary compliance standards. However, he clarified that the approval applies only to Phase 1 of the project, which covers the industrial zone.The first phase spans 80 acres and will house a film institute and production studios. Overall, the Noida Film City project will cover 230 acres in Sector 21, with 155 acres allocated for industrial use and 75 acres for commercial development. Within the industrial portion, 21 acres have been reserved for the institute, while the remaining 134 acres will host various film-related infrastructure.The concession agreement stipulates that large-scale commercial construction can begin only after 15 per cent of the core film infrastructure—comprising studios, production units, and the film institute—is completed. These facilities are expected to be operational within three years.YEIDA's nod marks a major step forward for the project, aimed at positioning Noida as a leading hub for film and media production in India.

Next Story
Infrastructure Energy

UERC Rejects Pleas Over Cancelled 200 MW Solar Awards

The Uttarakhand Electricity Regulatory Commission (UERC) has rejected review petitions filed by 12 solar developers against the cancellation of Letters of Award (LoAs) issued under the state’s 200 MW Solar Programme.The scheme, launched by the Uttarakhand Renewable Energy Development Agency (UREDA) under the 2013 solar policy, aimed to help Uttarakhand Power Corporation Ltd (UPCL) meet its renewable purchase obligations through tariff-based competitive bidding.The projects—classified under the Type I category—had original commissioning deadlines in 2019–2020, later extended multiple ti..

Next Story
Infrastructure Energy

Solarium Wins Rs 266 Million Rooftop Solar Orders

Solarium Green Energy has secured two significant work orders valued at a combined Rs 266 million for rooftop solar projects across various locations in the Northeastern States, under the Ministry of Home Affairs.The first order, worth approximately Rs 129.8 million, was awarded by NTPC Vidyut Vyapar Nigam Limited (NVVN) for the development of a 3,319 kW rooftop solar photovoltaic (PV) project. This was tendered under the NVVN’s “Selection and Discovery of L1 Rates for Rate Contract for EPC of Grid Connected Rooftop Solar PV Projects (51–200 kW) across India”. The project is scheduled ..

Next Story
Real Estate

Omaxe Secures Rs 5 Billion From Oaktree For Expansion

Omaxe Group has raised Rs 5 billion in funding from Oaktree Capital Management LP, a global investment firm specialising in alternative investments, to fuel the development of ongoing projects and support future growth plans.In a regulatory filing dated 28 July, the company confirmed that the funds will support construction and infrastructure development across key markets, including New Chandigarh, Lucknow, Ludhiana, and Faridabad. The capital will also be directed towards flagship projects such as Omaxe State in Dwarka, an upcoming integrated township in Amritsar, and a new township in Indor..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?