UP Film City project: Baywatch Projects gets LoA
Bollywood filmmaker Boney Kapoor’s firm Baywatch Projects LLP led consortium, has received a letter of award (LoA) for the construction, maintenance, and operation of the International Film City project. The project will be developed in Sector 21 along the Yamuna Expressway near Noida International Airport in Jewar.
Of the total 230 acres of land, 155 acres will be dedicated for industrial use and the remaining 75 acres will be for commercial use. The firm will have to form a special purpose vehicle for entering into the concession agreement with YEIDA to develop the project. The concession agreement will have to be executed within 45 days of the acknowledgment of the receipt of the letter of intent.
Also Read: Uttar Pradesh International Film City: Bayview Projects Wins The Bid For The Work