According to YEIDA officials, a consortium of Maddock Films and Cape of Good Films LLP, music company T-Series and film production firms of Bollywood filmmakers Boney Kapoor and KC Bokadia have applied for development of the Film City.
Under the zero-period waiver, interest and penal interest will not be levied on the builder for a specified period of two years, and the installments will be shifted beyond it.
The availability of land, good infrastructure, skilled manpower, and sub-dollar rentals are some of the key factors that have attracted investors to Noida.
GRAP-III was imposed on November 2, which restricted construction and demolition activities in Delhi and the larger National Capital Region. The order to revoke ban was issued on November 28.
The report observed that homebuyers favoured apartment sizes exceeding 1,250 sq ft, contributing to 54.5 percent of the total demand and more than 50 percent homebuyers sought properties in the range of Rs 5,000-7,500 per sqft