Noida will be home to two film cities as YEIDA has planned to develop a new film city zone along the Yamuna Expressway.
Noida’s Film City in Sector 16 might soon have a competitor. If all goes according to plan, a Mumbai-based company will begin work on a new film city along the Yamuna Expressway. If that happens, Noida will be home to two film cities.
A Mumabai-based company has proposed a project to establish a film city in Sector 29 of Yamuna City along the Expressway, and asked for 310 acres of land for it. The Yamuna Authority has submitted the presentation and now it is expected to negotiate with the price and other details. Once the negotiations are done, the land will be allotted for the project.
Though officials have not yet set a specific date for the project to begin, the film city will be similar to Mumbai’s Film City. Yamuna City is a township developed by a private builder and lies 30 km from Noida, along the Yamuna Expressway. YEIDA, one of the three development authorities in Gautam Budh Nagar, has been planning the development of a film city for a few years now.
Noida Sector 16 Film City
The Sec 16A Noida Film City was established over two decades ago and houses numerous film studios, apart from several media houses. The Noida Film City has been the venue for the shoot of upcoming films like the Sridevi-starrer Mom and Akshay Kumar and Rajnikanth’s 2.0. However, despite the presence of a number of studios, the film city is more an office complex, with many media and other companies having offices there.
YEIDA also launches New Housing Scheme along Yamuna e-way
This would be right to exclaim that property prospects of Yamuna Expressway are promising now. With the several new launches the locality is buzzing with many real estate activity. In last week, Yamuna Expressway Industrial Development Authority has come up with five new lucrative offer just to recharge the real estate market along the Yamuna e-way. In its offer authority has announced five categories of land use on offer are flats in residential and plots in industrial, institutional and commercial land use.
The real estate market along the stretch of Yamuna e-way is expected to grow and property prices may rise significantly. The experts say that the future prospects of any area is driven by the commercial zone that is taking shape around.