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Noida Film City faces fresh delay as financial closure pending

Noida Film City faces fresh delay as financial closure pending
Noida Film City Project Faces Fresh Delay As Financial Closure Remains Pending After Six Years · freepressjournal.in

A big movie-making city was planned in India, but it has not been built yet.

The leader of the state of Uttar Pradesh, Yogi Adityanath, announced this movie city six years ago.

The city is supposed to be built near a new airport on about 1,000 acres of land.

Building a project this big costs a lot of money.

The company in charge has to prove it has enough money before construction can start.

So far, that proof has not been given, which is causing the delay.

The first part of the project will use 230 acres and is expected to cost about Rs 1,510 crore.

It will have movie studios, places to edit films, and a school for people who want to work in movies.

The company says it will be ready to build by the end of August.

People hope the movie city will create jobs and make Uttar Pradesh a new place for making films.

Key facts

Project
Noida Film City
Location
Sector 21, YEIDA area, near Noida International Airport, Uttar Pradesh
Total planned area
Nearly 1,000 acres
First phase area
230 acres (155 acres film infrastructure, 75 acres commercial)
First-phase estimated cost
Around Rs 1,510 crore
Developer
Bayview Bhutani International Film City Pvt Ltd
First-phase layout approval
June 2025
Construction target
End of August

Quotes

Senior YEIDA official

Official from the Yamuna Expressway Industrial Development Authority overseeing the project

“Financial closure is a mandatory condition before construction can start. The company has to establish how the funds required for the project have been arranged. At present, financial closure has not been completed.”
freepressjournal.in

Sources

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