Arkade Developers Secures Filmistan Studio in Mumbai’s Goregaon for Rs 183 Crore
Realty developer Arkade Developers has finalized the acquisition of Filmistan Pvt Ltd, which owns the iconic Filmistan Studio in Mumbai’s Goregaon suburb. The 4-acre plot on SV Road is set to be transformed into a luxury residential project with a Gross Development Value (GDV) of Rs 3,000 crore.
Arkade DevelopersFilmistan StudioGoregaonLuxury Residential ProjectReal EstateReal Estate MumbaiJul 03, 2025
The deal marks a significant move in the real estate sector, particularly in the Goregaon suburb, known for its vibrant film and entertainment history. Filmistan Studio, a historic landmark, has been a crucial part of Mumbai’s film industry for decades. By acquiring this property, Arkade Developers aims to blend the legacy of the studio with modern luxury living.
In January, the company had already announced signing an agreement to acquire this studio and has now completed the formal acquisition. The 4-acre plot is located on SV Road in Goregaon West, a prime location that has seen substantial development over the years.
The company is planning to develop a luxury residential project on this plot, which is expected to attract a high-end clientele. The project’s Gross Development Value (GDV) of Rs 3,000 crore reflects the significant potential of the area and the company’s commitment to delivering premium residential solutions.
Goregaon, known for its lush greenery and well-connected infrastructure, is an attractive location for luxury real estate projects. The acquisition of Filmistan Studio by Arkade Developers is expected to further enhance the area’s appeal and contribute to its development as a premier residential hub in Mumbai.
The transformation of the historic Filmistan Studio into a luxury residential project is a testament to the evolving landscape of Mumbai’s real estate market. Arkade Developers’ strategic move is likely to set a precedent for similar developments in the region, combining the rich cultural heritage of the area with modern living standards.
The project is expected to commence soon, with detailed plans and timelines to be announced in the coming months. Arkade Developers is committed to ensuring that the development respects the historical significance of the site while delivering a world-class living experience for its residents.
Frequently Asked Questions
What is the significance of Filmistan Studio in Mumbai?
Filmistan Studio, located in Goregaon, has been a historic landmark in Mumbai’s film industry for decades. It has been a crucial part of the city’s entertainment history and has hosted numerous film productions.
How much did Arkade Developers pay for the Filmistan Studio plot?
Arkade Developers paid approximately Rs 183 crore for the 4-acre plot of Filmistan Studio in Goregaon West, Mumbai.
What are the plans for the Filmistan Studio after the acquisition?
Arkade Developers plans to transform the historic Filmistan Studio into a luxury residential project. The project is expected to have a Gross Development Value (GDV) of Rs 3,000 crore.
Why is Goregaon an attractive location for luxury real estate?
Goregaon is known for its lush greenery, well-connected infrastructure, and vibrant film and entertainment history. These factors make it an attractive location for luxury real estate projects.
When is the project expected to commence?
The project is expected to commence soon, with detailed plans and timelines to be announced in the coming months.
Related News Articles
The Forgotten Colony: Antulay Nagar Leprosy Colony's Annual Struggle with Floods
Antulay Nagar Leprosy Colony in Pune is facing its annual struggle with floods, leaving its residents in a precarious situation. The colony, home to over 200 families affected by leprosy, is prone to flooding during the monsoon season.
Unleashing the Future of Real Estate in Southern India: SOUTHCON 2024
The Confederation of Real Estate Developers’ Associations of India (CREDAI) hosts SOUTHCON 2024, a prestigious event to promote collaboration, innovation, and sustainable development in the real estate sector of Southern India.
Mumbai's Elderly Drive Property Registrations with 200% Hike Post-Covid
Property registrations from senior citizens in Mumbai expected to surpass 23,000 in 2024, with a significant increase in market share.
Porsche Hit-and-Run Case: Pune Police Slap New Charges on Juvenile Accused
The 17-year-old son of a real estate developer, who was involved in a fatal hit-and-run accident, faces new charges of destroying evidence, forgery, and corruption.
Mumbai to Host 3rd Edition of Green Homethon Property Expo from October 4
The National Real Estate Development Council (NAREDCO) Maharashtra is set to host the 3rd edition of Green Homethon Property Expo in Mumbai from October 4, with a focus on sustainable and eco-friendly homes.
Home Loans Set to Get Cheaper, Boosting the Real Estate Market
The Reserve Bank of India's (RBI) December 2024 monetary policy decision is expected to make home loans more affordable, which could significantly benefit India's real estate sector.