Arkade Developers Acquires Iconic Filmistan Studio Land for INR 165 Cr, Plans INR 2,000 Cr Luxury Redevelopment

Historic Film Studio to be Transformed into a High-End Residential Development

Arkade Developers has secured a prime 4-acre land parcel in Goregaon West, Mumbai, for ₹165 crore. The site, previously leased to Filmistan Pvt Ltd, will be redeveloped into a luxury residential project with over 500,000 square feet of saleable area.

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High-Value Development with ₹2,000 Cr Revenue Potential

The ambitious project is expected to generate approximately ₹2,000 crore in revenue, marking a significant addition to Mumbai’s evolving luxury real estate landscape. With this acquisition, Arkade Developers reinforces its commitment to crafting premium residential spaces in Mumbai’s dynamic property market.

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News Disclaimer: This report is based on publicly available information and industry sources. The actual development plans, financial figures, and project timelines are subject to change.