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Noida Film City Will Increase Real Estate Prices 5-Fold
Noida Film City, a flagship project of the UP government, is expected to lead to a five-fold rise in real estate prices in the region, according to Arun Vir Singh, CEO of the Yamuna Expressway Industrial Development Authority (YEIDA).
BY
Realty Plus
Published - Friday, 18 Dec, 2020
BY
Realty Plus
Published - Friday, 18 Dec, 2020
Noida Film City, a flagship project of the UP government, is expected to lead to a five-fold rise in real estate prices in the region, according to Arun Vir Singh, CEO of the Yamuna Expressway Industrial Development Authority (YEIDA).
"There are massive opportunities associated with the film industry, not to mention the investment potential. It is expected to lead to five times growth in real estate values – the Rs 5,000 crore investment is expected to generate benefits worth Rs 25,000 crore,” Singh told Moneycontrol, a day after YEIDA announced that Fortune 500 company CBRE would prepare the blueprint for the film city.
“The biggest benefit of establishing a film city is that it generates huge employment. All big projects such as the Jewar airport project and now the film city project are expected to have a multiplier effect," he said. Housing would be required for everybody working in the film city, he added.
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