Arkade Developers Secures Filmistan Studios for Rs 183 Crore to Develop Mega Housing Project
Realty firm Arkade Developers Ltd has acquired Filmistan Studios in Mumbai for Rs 183 crore, aiming to develop a Rs 3,000 crore housing project on the iconic 4-acre land in Goregaon West.
Arkade DevelopersFilmistan StudiosMumbai Real EstateHousing ProjectReal Estate AcquisitionReal Estate MumbaiJul 03, 2025
The acquisition was formally announced in a regulatory filing on Thursday, following the board's approval of the Share Purchase Agreement (SPA) for the acquisition of 100 per cent shares in Filmistan Private Limited (FPL). Arkade Developers has entered into a binding agreement to acquire the entity 'Filmistan Pvt Ltd' for a total outlay of Rs 183 crore.
With a projected Gross Development Value (GDV) of Rs 3,000 crore, the project is poised to become a landmark in premium housing in Western Mumbai. The development will leverage the strategic location and historical significance of the Filmistan Studios site, which has been a part of Mumbai's cultural landscape for decades.
Arkade Developers, known for its robust portfolio of residential and commercial projects, has already developed over 5.5 million square feet of property, with an additional 2 million square feet currently under construction. The company's commitment to quality and innovation in real estate development positions it well to transform the Filmistan Studios site into a premier residential destination.
The acquisition of Filmistan Studios is a strategic move that aligns with Arkade Developers' vision to create sustainable and high-value projects. The company's focus on premium housing in high-demand areas like Goregaon West underscores its commitment to meeting the evolving needs of the real estate market.
The development of the Filmistan Studios site is expected to bring significant economic benefits to the area, including job creation and enhanced infrastructure. The project is also expected to contribute to the revitalization of Goregaon West, enhancing its appeal as a desirable residential and commercial hub.
With the acquisition and development plans in place, Arkade Developers is set to continue its growth trajectory and solidify its position as a leading player in the Mumbai real estate market.
Frequently Asked Questions
What is the total cost of the acquisition?
The total cost of acquiring Filmistan Studios is Rs 183 crore.
What is the projected Gross Development Value (GDV) of the housing project?
The projected Gross Development Value (GDV) of the housing project is Rs 3,000 crore.
Where is the 4-acre land parcel located?
The 4-acre land parcel is located on SV Road in Goregaon West, Mumbai, known as 'Filmistan Studios'.
What is the significance of the Filmistan Studios site?
The Filmistan Studios site is historically significant and has been a part of Mumbai's cultural landscape for decades, making it an iconic location for the new housing project.
How much property has Arkade Developers already developed?
Arkade Developers has developed over 5.5 million square feet of property, with an additional 2 million square feet currently under construction.
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