Arkade Developers to Transform Filmistan Studios into Luxury Residences in Goregaon
Mumbai-based developer Arkade Developers has acquired Filmistan Studios for ₹183 crore, planning to develop a luxury residential project with a projected Gross Development Value (GDV) of ₹3,000 crore.
Real EstateLuxury ApartmentsGoregaonFilmistan StudiosArkade DevelopersReal Estate MumbaiJul 03, 2025
According to the company, this acquisition will enable Arkade Developers to develop the iconic 4-acre land parcel situated on SV Road in Goregaon West, popularly known as ‘Filmistan Studios.’ The project is scheduled for a tentative launch in the calendar year of 2026 and is planned for an uber-luxury residential development that will feature spacious 3, 4, and 5 BHK residences along with exclusive penthouses, across two striking high-rise towers of 50 storeys each.
"Filmistan Studios holds immense emotional and legacy significance for Mumbai, and we are privileged to be entrusted with shaping its next chapter. This development will go beyond being a premium address, and it will offer a thoughtfully curated lifestyle experience for a discerning few. At Arkade Developers, we are not just creating homes; we are crafting a legacy that reflects the dynamic aspirations of our ever-evolving city," said Amit Jain, chairman and managing director, Arkade Developers Limited.
"Our track record across MMR stands as a testament to our commitment to quality, timely delivery, and design excellence. With a focused strategy across the western suburbs, we are actively expanding our footprint in this region with a couple of launches planned in early 2026. The upcoming transformation of the iconic Filmistan Studios will be a pivotal moment in our journey, foraying our position in the uber-luxury segment and reaffirming our promise to deliver spaces that are both timeless and transformative," Jain added.
Goregaon has rapidly transformed into one of Mumbai’s most promising and strategically positioned residential corridors. With its exceptional connectivity, including proximity to the Western Express Highway, metro lines, and key arterial roads, the suburb offers seamless access to major commercial hubs such as Mindspace, BKC, Goregaon, Andheri, etc. Beyond connectivity, Goregaon boasts a robust social infrastructure, featuring renowned schools, hospitals, shopping centres, malls, entertainment centres, and expansive green pockets like Aarey Forest.
Local brokers said the average per sq ft price of an apartment in Goregaon West is around ₹30,000 to ₹40,000, depending on several factors. This makes the area an attractive option for luxury real estate developments, further solidifying Arkade Developers' decision to invest in this prime location.
The project at Filmistan Studios is set to become a landmark in premium housing in Western Mumbai, reflecting the growing demand for high-end residential properties in the region. With its strategic location and rich history, the development is expected to attract a discerning clientele looking for a unique and luxurious living experience.
Frequently Asked Questions
What is the projected Gross Development Value (GDV) of the Filmistan Studios project?
The projected Gross Development Value (GDV) of the Filmistan Studios project is ₹3,000 crore.
When is the project at Filmistan Studios scheduled to launch?
The project at Filmistan Studios is scheduled for a tentative launch in the calendar year of 2026.
Who is the chairman and managing director of Arkade Developers Limited?
Amit Jain is the chairman and managing director of Arkade Developers Limited.
What is the average per sq ft price of an apartment in Goregaon West?
The average per sq ft price of an apartment in Goregaon West is around ₹30,000 to ₹40,000, depending on several factors.
What makes Goregaon an attractive location for luxury real estate developments?
Goregaon is an attractive location for luxury real estate developments due to its exceptional connectivity, proximity to major commercial hubs, and robust social infrastructure, including renowned schools, hospitals, shopping centres, malls, entertainment centres, and expansive green pockets like Aarey Forest.
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