Filmistan Studio Transforms: Arkade Developers Buys Iconic Goregaon Property for ₹348 Cr, Plans Ultra-Luxury Project
 |
| representative image |
🎬 From Bollywood Legacy to Luxe Living: Filmistan Studio to Become Mumbai’s Newest Luxury Address
In a landmark real estate deal reshaping Mumbai’s skyline, Arkade Developers has acquired the legendary Filmistan Studio in Goregaon West for a whopping ₹348 crore. The historic studio site, once home to Bollywood's golden age, will now host a 400-unit ultra-luxury residential project—bringing together legacy, location, and luxury in one rare offering.
This prestigious development, expected to launch in early 2026, will offer expansive 3BHK residences starting from 1,500 sq. ft, priced at around ₹40,000 per sq. ft—marking it as one of the most ambitious luxury real estate transformations in Western Mumbai.
🎥 A Studio with a Storied Past
Established in 1943 by filmmaker Sasadhar Mukherjee, Filmistan Studio has been a cradle of Indian cinema classics—like Anarkali (1953), Nastik (1954), Paying Guest (1957), and modern hits like 2 States (2014). It also served as the launching pad for iconic writers like Saadat Hasan Manto. Now, with Arkade Developers retaining the "Filmistan" name in its branding, the cultural soul of the location will be preserved even as its purpose evolves.
🏗️ The Deal in Detail: Rights + Land
The transaction was structured in two parts:
- Studio rights were acquired from the Jalan family for ₹183 crore. The Jalan family inherited the studio from Kolkata-based financier Tolaram Jalan.
- Separately, Arkade finalized the four-acre land deal in January 2025 with Aspen Properties and Kamanwala Housing Construction for ₹165 crore.
This dual strategy has ensured complete control over both the land and intellectual property rights—essential for a seamless redevelopment.
🏢 What’s Coming: 400 Ultra-Luxury Apartments
Arkade Developers is planning:
- 8 lakh sq. ft of total construction area
- About 400 ultra-luxury 3BHK homes
- Each unit to start at 1,500 sq. ft
- Pricing: ₹6 crore onwards
- Estimated project revenue: ₹3,200 crore
The homes are designed for high-net-worth individuals seeking premium living in Mumbai’s bustling western corridor.
📅 Project Timeline and Permissions
According to Amit Jain, Chairman & MD of Arkade Developers:
“We’re in the process of applying for permissions with the BMC. We expect approvals by year-end and plan to launch by early 2026.”
Demolition of the Filmistan structure is already scheduled for completion by December 2025, to pave the way for construction.
🌇 Why Goregaon West?
Goregaon West is rapidly becoming a magnet for luxury real estate, driven by:
- Proximity to Link Road, Western Express Highway, and Metro connectivity
- Existing social infrastructure with malls, schools, and hospitals
- A shift toward reimagining heritage properties for high-end housing
Arkade’s Filmistan project will likely boost the area’s already rising property values and set a new benchmark in ultra-luxury offerings.
🧭 Industry Perspective: Bollywood Meets Billionaire Living
This deal underscores a powerful trend: Mumbai developers are targeting legacy plots in prime locations, turning them into exclusive addresses. Filmistan isn’t just a real estate story—it’s an emotional landmark being rewritten as a lifestyle destination.
Expect to see more such strategic redevelopments where sentiment meets scale. This model creates a win-win: preserving heritage in name, while delivering modern homes with maximum market potential.
🏁 Final Thoughts
Arkade Developers’ acquisition of Filmistan Studio is more than a business move—it’s a bridge between Mumbai’s past and future. With luxury residences rising where cinematic magic once unfolded, the project symbolizes Mumbai’s evolution into a city where every square foot tells a story.
📌 Quick Highlights
- 📍 Location: Filmistan Studio, Goregaon West, Mumbai
- 💰 Deal Value: ₹348 crore (₹183 Cr studio rights + ₹165 Cr land)
- 🏠 Apartments: 400 ultra-luxury 3BHKs
- 📐 Size: 1,500 sq. ft. onwards
- 🏗️ Project Launch: Early 2026
- 🎬 Legacy Preserved: Project to retain "Filmistan" name
📢 Stay Updated!
Never miss an update in Mumbai’s fast-moving real estate scene.
👉 Join our Blog Latest in Real Estate for latest project news, trends, and expert tips.
📄 Disclaimer:
The above article is intended for informational purposes only. All project details, approvals, and timelines are subject to change based on regulatory procedures and developer disclosures. Readers are advised to verify specifics with the developer or relevant authorities before making investment decisions.