MUMBAI: Film producer and director Satish Kaushik will head a state-of-the-art multimedia and film city centre coming up at Sarangpur in Chandigarh as its technical advisor.
The project, valued at Rs 8 billion (Rs 800 crore), has been awarded to Parsvnath Developers after a competitive bidding among prominent developers of the country. Parsvnath Film City, a subsidiary of the company, formed as a Special Purpose Vehicle (SPV) for implementing this project, signed the agreement with the Chandigarh Tourism Department on 2 March 2007.
Parsvnath will pay a premium of Rs 1.91 billion (Rs 191 crore) for the land with a lease period of 99 years, says a company release. The multimedia-cum-film city project, with a total floor area ratio (FAR) of 13,00,000 square feet, will be spread over 30 acres and is scheduled to be complete within 36 months, which includes six months for getting the necessary clearance.
The project has four components – a Film Studio, a Multimedia Park, a Multimedia Entertainment Centre and a Multimedia College and Research Centre. The Film City will have world-class features like digital studios (for film and television productions), post-production facilities for digital films, high-tech animation facility, high-tech gaming facility and a cafeteria. It will have a total FAR of 32,300 square meters (347,000 sq ft).
The Multimedia Park will provide ready-built space for technology companies working in the multimedia industry, to facilitate setting up of own software / multimedia development centres. The Park will be built with a total FAR of 32,300 square meters (347,000 sq ft).
The Multimedia Entertainment Centre will consist of a minimum four-screen multiplex with a total seating capacity of 900 persons, a hotel with a provision of at least 200 rooms, commercial space for food parlours, games center, internet cafe and an exhibition centre. A twin-level basement parking for the multiplex is also being considered.
The Multimedia College and Research Centre will have features like facility for multimedia studies, modern equipments for animations, various international standard devices and software for gaming and research centre, the release adds.
