Film City DPR submitted, ₹10,500 crore needed for development

The Film City projected proposed at Greater Noida sector 21 will require around ₹10,500 crore, according to the draft detailed project report (DPR)

The Film City projected proposed at Greater Noida sector 21 will require around ₹10,500 crore, according to the draft detailed project report (DPR).

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The DPR was presented to the Yamuna expressway industrial development authority (Yeida) on Monday. The authority will now study it and send it to the state government in a week’s time.

“We will study and discuss as to how much land allocation for a particular facility was made in the DPR (and add our suggestions). Then it wil be sent to the state government for their suggestions on the financials. After that we will make changes and finalise it,” said Arun Vir Singh chief executive officer of Yeida.

Officials quoted from the 2000-page DPR that suggested mixed-land use -- residential, commercial, institutional and recreational --- will attract investment from international investors.

The DPR has also spoken on the three proposed models -- public-private partnership (PPP), the authority alone, or another single developer -- to develop the project.

“We will study to ascertain if the PPP model will be financially more viable. We will go by the state government’s directions on the model to give opportunity to create world-class facilities for filmmakers,” said Singh.

On December 14, 2020, Yeida hired CBRE South Asia Private Limited as the consultant for the project to prepare the report.