Arkade developers acquires Filmistan studios for Rs. 183 crores, plans Rs.3,000 crores luxury project in Goregaon : Bollywood News
On July 3, the real estate company listed by Mumbai, Arkade Developers Limited, announced that it had signed a binding agreement to acquire a 100% stake in Filmistan PVT LTD for Rs. 183 Core. The developer intends to launch a luxury apartment project on the site, with a crude development value projected from RS. 3,000 crores.
The developers of Arkade acquire filmmaker studios for Rs. 183 crores, provides for a luxury project RS.3,000 crores in Goregaon
The company said that this acquisition will allow Arkade developers to develop the iconic 4 acres plot of land located on SV Road in Goregaon West, widely recognized as “Filmistan Studios”.
The company has mentioned that the project should temporarily launch in 2026 and will be an ultra-luxury residential development. It will offer spacious 3, 4 and 5 BHK apartments, as well as exclusive penthouses, spread over two large high height towers of 50 floors each. With an estimated gross development value (GDV) of RS. 3,000 crores, the project should become a benchmark in premium housing in the west of Mumbai.
The developer listed by Mumbai, Arkade Developers Ltd, announced on July 3 that he had signed a binding agreement to acquire 100% participation in Filmistan PVT LTD for Rs. 183 Broods. This acquisition will allow Arkade to develop the emblematic lands of 4 acres on SV Road, Goregaon West, commonly known as Filmistan Studios.
The developer intends to launch an ultra-luxurious residential project on the site in 2026, offering spacious 3, 4 and 5 BHK apartments as well as exclusive penthees spread over two 50-storey towers. With an expected gross development value (GDV) of RS. 3,000 crores, the project is about to become a benchmark for premium housing in the west of Mumbai.
According to the company, Goregaon quickly became one of the most promising and strategically located residential areas in Mumbai. Thanks to its excellent connectivity – with close access to the Western Express Highway, metro lines and the main arterial roads – the suburbs offer easy access to key shopping centers like MindSpace, BKC, Goregaon and Andheri, etc.
Beyond its connectivity, Goregaon offers a strong social infrastructure which includes well-known schools, hospitals, shopping centers, shopping centers, entertainment places and large green spaces such as Aarey Forest.
The local brokers noted that the average price per square foot for an apartment in Goregaon West was from Rs. 30,000 to Rs. 40,000, varying according to several factors.
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