Arkade developers acquires Filmistan studios for Rs. 183 crores, plans Rs.3,000 crores luxury project in Goregaon
On July 3, Mumbai-based listed real estate firm Arkade Developers Limited announced that it has signed a binding agreement to acquire 100% stake in Filmistan Pvt Ltd for Rs. 183 crore. The developer intends to launch a luxury apartment project on the site, with a projected gross development value of Rs. 3,000 crores. The company stated that this acquisition will allow Arkade Developers to develop the iconic 4-acre land parcel located on SV Road in Goregaon West, widely recognized as ‘Filmistan Studios.’ The company mentioned that the project is tentatively planned to launch in 2026 and will be an ultra-luxury residential development. It will offer spacious 3, 4, and 5 BHK apartments, along with exclusive penthouses, spread across two impressive high-rise towers of 50 storeys each. With an estimated Gross Development Value (GDV) of Rs. 3,000 crores, the project is set to become a landmark in premium housing in Western Mumbai. Mumbai-based listed developer Arkade Developers Ltd announ...