Advertisement
Boney Kapoor's Bayview Projects LLP and Bhutani Group have won the bid to jointly develop the Film City project near Noida Airport. The project aims to create an integrated media infrastructure for the movie business value chain. Bayview secured the win with an 18% revenue-sharing offer to the UP government, beating competitors like T-Series, Akshay Kumar-backed Super Technobuild, and KC Bokadia's 4 Lions Films. With a moratorium of eight years, the developer will start paying 18% of gross revenue from the ninth year. The Film City, planned on 1000 acres, will include commercial and industrial zones, linked to Jewar Airport for enhanced connectivity. The project, valued at INR 1,510 crore, is expected to be completed in eight years, with a focus on incorporating advanced technologies for contemporary cinema.Read more
Advertisement
The Yamuna Expressway Industrial Development Authority (YEIDA) is set to issue a global tender for the development of an Aircraft Maintenance, Repair, and Overhaul (MRO) facility at the upcoming Noida International Airport in Jewar by the end of October. The MRO facility is part of the airport's second phase, with nearly 60% of the required land already acquired. The land allotment process is expected to commence by year-end. The MRO facility aims to meet the growing demand in India's aviation sector, anticipating a significant increase in the number of passenger aircraft in the coming years.Read more
Advertisement
