Mumbai’s iconic Filmistan Studios sold for Rs 183 crore

Filmistan Studios, 1 of Mumbai’s earliest and astir storied movie studios, has officially been acquired by Arkade Developers for Rs 183 crore. The woody was registered connected July 3 and marks the extremity of an epoch for a spot that played a foundational relation successful shaping the scenery of Indian cinema since the 1940s.Filmistan was founded successful 1943 by Sasadhar Mukherjee, gramps of actors Kajol and Rani Mukerji, alongside histrion Ashok Kumar, Gyan Mukherjee, and Rai Bahadur Chunilal. The workplace was calved retired of a interruption from Bombay Talkies, and rapidly became a hub for Hindi movie production. Back then, studios weren’t conscionable rental spaces, they were full-fledged accumulation houses employing actors connected monthly salaries.A bequest of Indian cinema to beryllium replaced by luxury livingKnown for its dependable stages, accessible outdoor sets, and cardinal determination successful Goregaon West, Filmistan served arsenic the backdrop for countless Bollywood films, TV shows, and advertisements implicit respective decades.

However, with newer, tech-savvy studios mushrooming crossed the city, Filmistan gradually mislaid its sheen.Now, the four-acre parcel connected SV Road is acceptable to transform. Arkade Developers plans to motorboat an ultra-luxury residential task with a projected gross improvement worth of Rs 3,000 crore. The high-rise development, slated for a tentative motorboat successful 2026, volition reportedly see 3, 4, and 5 BHK residences and penthouses crossed 2 50-storey towers.

‘Thrilled to signifier the adjacent chapter’Confirming the quality connected LinkedIn, Arkade Developers' Chairman and Managing Director Amit Jain wrote, “Thrilled to stock that Arkade Developers has successfully acquired the iconic 4-acre Filmistan Pvt. Ltd. onshore parcel connected SV Road, Goregaon West, for a full information of Rs 183 crore.”He added that the determination volition present location an “ultra-luxury residential task connected 1 of Mumbai’s astir storied addresses—popularly known arsenic ‘Filmistan Studios’.”

In a connection to Hindustan Times, Jain emphasised the affectional value of the site: “Filmistan Studios holds immense affectional and bequest value for Mumbai, and we are privileged to beryllium entrusted with shaping its adjacent chapter. This improvement volition spell beyond being a premium address, and it volition connection a thoughtfully curated manner acquisition for a discerning few.”He besides said that the company’s purpose is not conscionable to conception homes, but to physique a bequest reflective of Mumbai’s evolving aspirations.