Noida (UP): The detailed project report, including financial estimates, for setting up a film city near Noida in Uttar Pradesh is likely to be ready by March 2021, according to a senior official.
A consultant was selected on December 14 for preparing the DPR of the film city and once the report is ready, it will be sent to the state government for its approval, Yamuna Expressway Industrial Development Authority (YEIDA) CEO Arun Vir Singh said.
"Property consultant CBRE South Asia, which is a Fortune-500 company, has been given three months time for completing the detailed project report (DPR) for the film city. But efforts are on to have it prepared even before that," he said.
"Once we get the DPR, it will be sent to the state's cabinet ministers through Film Bandhu (the government's nodal agency for film production-related works) and the government will take a decision on the best plan suitable for the project. Accordingly, further work will be taken up," Singh said.
He said financial planning is also part of the study and a strategy will be developed to decide if the film city will be made on public-private partnership (PPP) mode or in some other way.