December 17, 2020

Noida Film City expected to have a five-fold impact on real estate prices in the region, says YEIDA CEO

According to Arun Vir Singh, CEO of the Yamuna Expressway Industrial Development Authority (YEIDA) Noida Film City which is a flagship project of the UP government is expected to lead to a five-fold increase in real estate prices in the region.

Singh said that there are bigger opportunities associated with the film industry, not to mention the investment potential. It will lead to five times of growth in real estate values. According to that Rs, 5,000 crore investment is expected to generate benefits worth Rs 25,000 crore. A day after YEIDA announced that Fortune 500 Company CBRE would start making the blueprint for the film city.

“The biggest benefit of establishing a film city is that it is the biggest source of employment. Most of the big projects like the Jewar airport project and now the film city project is expected to have a multiplier effect. Housing is required for everyone working in the film city” he added.

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