Mumbai, July 2025 – In a major real estate development deal, Arkade Developers has acquired the iconic Filmistan Studios in Goregaon West for a staggering ₹183 crore. With plans to transform the heritage property into ultra-luxury residential towers, the move signals Arkade’s ambitious expansion in Mumbai’s premium real estate market.
🎥 The History of Filmistan Studios: Bollywood’s Glorious Past
Built in 1943 by legendary producer Sashadhar Mukherjee, Filmistan Studios became a cornerstone of Hindi cinema. Spanning 4 acres on SV Road, the studio was once home to cinematic classics like Anarkali, Paying Guest, and Nagin. Over the decades, it evolved into a prime shooting location for both Bollywood blockbusters and TV serials.
Notable Facts:
- Founded by former Bombay Talkies partners: Sashadhar Mukherjee, Ashok Kumar, and others.
- Located in Goregaon West, a key film and residential hub.
- Hosted films like Nastik, Pyaasa, and more recently, Ra.One and 2 States.
- Provided employment to thousands of technicians and artists for over 80 years.
But with Mumbai’s real estate boom, even institutions of cultural importance are being repurposed—and Arkade’s acquisition is the latest example.
🏗️ Arkade’s Vision: Premium Luxury Residences in Goregaon West
Arkade Developers will redevelop the site into two 50-storey luxury towers, offering 3, 4, and 5 BHK residences and penthouses, making it one of the most exclusive residential launches in Western Mumbai.
Key Highlights:
- Deal Size: ₹182.95 crore
- Location: SV Road, Goregaon West, Mumbai
- Total Area: 4 acres (Freehold land)
- Planned Launch: 2026
- Gross Development Value (GDV): Estimated ₹3,000 crore
With the property’s prime location and Arkade’s reputation for timely delivery, the Filmistan project is expected to attract HNI (High Net-worth Individual) buyers and NRI investors alike.
🧱 About Arkade Developers: A Name of Trust in Mumbai Real Estate
Founded by Amit Jain, Arkade Developers has been a consistent name in Mumbai’s mid- to premium-segment real estate landscape. With over 30 completed projects and 5.5 million sq ft developed, Arkade is now focused on luxury real estate redevelopment.
Company Milestones:
- Founded: Early 2000s
- Headquarters: Mumbai, India
- Core Focus: Residential redevelopment and luxury housing
- Other Projects: Malad, Borivali, Bangur Nagar, and Bhandup
Arkade’s latest moves—including Filmistan—are a clear pivot toward high-margin, ultra-luxury real estate in Mumbai.
📍 Why Goregaon West Is a Real Estate Hotspot in 2025
As a rapidly developing suburb, Goregaon West combines strategic location with superior social infrastructure. The area is now a magnet for luxury developers due to:
- Excellent connectivity via Western Express Highway and Mumbai Metro
- Proximity to business districts like Andheri, BKC, and Lower Parel
- Strong social infrastructure: Schools, hospitals, shopping centers
- Green zones like Aarey Colony just minutes away
With property rates between ₹30,000–40,000 per sq ft, demand in Goregaon West is steadily rising, especially among luxury buyers
📝 Conclusion: From Silver Screen to Skyline
The ₹183 crore deal between Arkade Group and Filmistan Pvt Ltd isn’t just another transaction—it’s a moment that marks the transformation of Bollywood history into modern-day Mumbai skyline. While the industry bids farewell to a studio that once defined its golden era, Arkade steps in to redefine luxury living in the heart of Goregaon West.
For homebuyers, investors, and real estate watchers, this project is one to keep an eye on.
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