Boney Kapoor Wins The Bid to Develop Film City Project in Noida

Bhutani Group and film producer Boney Kapoor’s Bayview Projects LLP will unite to construct the Film City project in sector 21, next to the Noida airport in Jewar. The project was taken over by the group that submitted the highest offer, displacing the other three participants. The bids were submitted by the four companies that qualified for the technical evaluation: actor Akshay Kumar’s Supersonic Technobuild Private Limited, producer KC Bokadia’s Lions Films Private Limited, filmmaker Boney Kapoor’s Bayview Projects LLP, and T-Series’ Super Cassettes Industries Private Limited.

“The committee of officials of the Yamuna Expressway Industrial Development Authority (YEIDA) opened the financial bids. The Bayview Projects LLP and Bhutani Group placed the highest bid, promising the maximum 18 per cent share of the profit to the government, thereby becoming eligible for developing this project. Lions Films Private Limited of KC Bokadia quoted 15.12 per cent while Supersonic Technobuild Private Limited of actor Akshay Kumar and Super Cassettes Industries Private Limited of T-Series placed 10.80 per cent and 5.12 per cent respectively,” officials added.

Arun Vir Singh, Chief Executive Officer, YEIDA, said, “Following the guidelines of the public-private partnership, the proposed bids will be presented before the committee of secretaries, and subsequently, they will be forwarded to the state government cabinet for the necessary approvals.”