Film city project near Jewar airport likely to boost property prices in Noida region
The proposed film city, which will be developed near the proposed Jewar International Airport, is expected to boost property prices in Noida, Greater Noida and Yamuna Expressway.Also, the subsequent development of infrastructure may help spur the demand for commercial and residential properties that are currently reeling under pressure from the COVID-19 pandemic led crisis, economic slowdown as well as regulators changes.
According to the state government presentation, 1,000 acres of land has been identified and the site is located in Sector 21 along the Yamuna Expressway in Gautam Budh Nagar.
UP govt approves Rs 6,000-crore DPR for upcoming Film City in Jewar
Jewar Film city
The Uttar Pradesh government approved a detailed project report (DPR) for the upcoming international airport in Greater Noida's Jewar on Thursday. The construction of India's largest film metropolis, estimated to cost Rs 6000 crore, is slated to commence soon.
"This Film City will give a fair chance to artists belonging to the northern part of the country. It will directly employ over 15,000 people. The industry will provide a living for over a lakh people who reside nearby,” said Dhirendra Singh, MLA from Greater Noida's Jewar assembly constituency.