Two dozen iconic Mumbai single-screen theatres are transitioning from entertainment venues to lucrative redevelopment opportunities, marking the end of a cultural era while driving urban transformation.

K Raheja Corp is pursuing a ₹650 crore joint development agreement to redevelop Mumbai's iconic Famous Studios site, marking a significant transformation of the 1.5-acre heritage property into modern mixed-use development.

The Pereira family creates history by transforming their 87-year-old Bandra bungalow into Mumbai's first owner-controlled 14-storey residential tower, setting a new precedent for self-redevelopment in the city.