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Filmistan Studio, founded by Kajol’s grandfather, is set for redevelopment into luxury apartments
Filmistan Studios, the iconic Bollywood studio founded by Kajol’s grandfather, has been sold to Arkade Developers for ₹183 crore for luxury flat redevelopment
Filmistan Studio, founded by Kajol's grandfather Sasadhar Mukherjee in 1943, is set to be acquired by Mumbai-based Arkade Developers Ltd under a binding agreement announced on July 3 for ₹183 crore. The developer plans to launch a luxury apartment project on the site with a gross development value of ₹3,000 crore.
According to the company, this acquisition will enable Arkade Developers to develop the iconic 4-acre land parcel situated on SV Road in Goregaon West, popularly known as ‘Filmistan Studios.'
The Mumbai-based listed real estate company said that the project is scheduled for a tentative launch in the calendar year of 2026 and is planned for an uber-luxury residential development that will feature spacious 3, 4, and 5 BHK residences along with exclusive penthouses, across two striking high-rise towers of 50 storeys each. With a projected Gross Development Value (GDV) of ₹3,000 crore, the project is poised to become a landmark in premium housing in Western Mumbai.
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The developer plans to launch an uber-luxury residential project on the site in 2026, featuring spacious 3, 4, and 5 BHK apartments and exclusive penthouses across two 50-storey high-rises. With a projected Gross Development Value (GDV) of ₹3,000 crore, the project is set to become a premium housing landmark in Western Mumbai.
The historical significance of Filmistan Studios
"Filmistan Studios holds immense emotional and legacy significance for Mumbai, and we are privileged to be entrusted with shaping its next chapter. This development will go beyond being a premium address, and it will offer a thoughtfully curated lifestyle experience for a discerning few. At Arkade Developers, we are not just creating homes; we are crafting a legacy that reflects the dynamic aspirations of our ever-evolving city," Amit Jain, chairman and managing director, Arkade Developers Limited, said.
"Our track record across MMR stands as a testament to our commitment to quality, timely delivery, and design excellence. With a focused strategy across the western suburbs, we are actively expanding our footprint in this region with a couple of launches planned in early 2026. The upcoming transformation of the iconic Filmistan Studios will be a pivotal moment in our journey, foraying our position in the uber-luxury segment and reaffirming our promise to deliver spaces that are both timeless and transformative," Jain said.
According to a report published in the Hindustan Times newspaper, Kajol’s grandfather, filmmaker Sasadhar Mukherjee, built the studio in 1943 before eventually selling it to Tolaram Jalan, a film financier from Kolkata.
Iconic films shot at Filmistan
Several top-grossing films of the 1940s and ’50s were shot there, including Paying Guest (1957) starring Dev Anand, Nastik (1954) directed by I.S. Johar, and the romantic saga Anarkali (1953). More recently, 2 States (2014) was also filmed at the studio.
Goregaon's real estate landscape
According to the company, Goregaon has rapidly transformed into one of Mumbai’s most promising and strategically positioned residential corridors. With its exceptional connectivity, including proximity to the Western Express Highway, metro lines, and key arterial roads, the suburb offers seamless access to major commercial hubs such as Mindspace, BKC, Goregaon, Andheri, etc.
Beyond connectivity, Goregaon boasts a robust social infrastructure, featuring renowned schools, hospitals, shopping centres, malls, entertainment centres, and expansive green pockets like Aarey Forest.
Local brokers said the average per sq ft price of an apartment in Goregaon West is around ₹30,000 to ₹40,000, depending on several factors.
