Iconic Famous Studios in Mumbai to Be Replaced by 69-Storey Luxury Tower
The Roongta family has partnered with K Raheja Corp Real Estate to redevelop the 70,000 sq ft plot of land where the iconic Famous Studios stands. The new project will feature plush 3 and 4-BHK apartments, offering breathtaking views of the Mahalaxmi Race Course and the Arabian Sea. According to plans submitted to the Brihanmumbai Municipal Corporation, apartments will begin from the 9th floor, with only a small portion reserved for commercial use.
The project is strategically located, expected to fall within 500 metres of the upcoming Science Museum Metro Station. Plans even include a direct vestibule link for seamless connectivity, making it a highly accessible and desirable location for residents and visitors alike. For K Raheja Corp, this marks its third marquee project in Mahalaxmi, following the successful developments of Vivarea and Modern Vivarea.
The demolition of Famous Studios is likely to begin before Christmas, marking the end of a 79-year legacy in the city's film industry. The site has been a cornerstone of Mumbai's cinematic history, hosting numerous film productions and contributing significantly to the city's cultural heritage. The transition from a historic studio to a modern luxury tower reflects the ongoing transformation of Mumbai's urban landscape, blending the old with the new.
The new development is expected to attract a mix of affluent residents and businesses, further enhancing the prestige of the Mahalaxmi area. The project's amenities and prime location make it a highly anticipated addition to Mumbai's luxury real estate market, promising to set new standards in living and lifestyle.
K Raheja Corp Real Estate, known for its commitment to quality and innovation, is confident that the project will be a success. The company has a strong track record in developing high-end residential and commercial properties, and this new venture is poised to continue that legacy. The Roongta family, with their deep-rooted connection to the film industry, is equally excited about the project, seeing it as a natural evolution of the site's rich history.
As the city continues to grow and evolve, the transformation of Famous Studios into a luxury tower is a testament to Mumbai's dynamic nature. The project is not just about building new structures; it's about creating a new chapter in the city's story, one that honors the past while embracing the future.
