Mumbai, the city that never sleeps and the home of Bollywood, is witnessing a monumental change in its real estate landscape. One of its most historical film locations, the sprawling Filmistan Studio in Goregaon, is set to trade its cameras and sets for luxury living. This major site is the stage for a new ₹3,000 crore residential project, spearheaded by developer Arkade Developers. The move marks the end of a cinematic era and the beginning of a high-end residential future for the prime location.
A legacy gives way to luxury
The Filmistan Studio, spread across approximately 4 acres of valuable land, holds immense cultural significance. It was founded way back in 1943 by Sasadhar Mukherjee, the grandfather of bollywood actress Kajol. For decades, the studio served as a creative powerhouse, filming numerous blockbusters of the 1940s and 50s. While the clapperboards have officially been silenced and the original structures demolished, the site’s rich history ensures that the new development will carry a distinctive legacy.
Arkade Developers is poised to transform this storied location into an ultra-modern residential complex. The project’s massive scale is underlined by its estimated ₹3,000 crore development potential, reflecting the high value of real estate in the city’s suburban heartland.
Project vision and timeline
The developer plans to introduce premium 3- and 4-BHK apartments, catering to the demand for spacious, high-end homes in Mumbai. While early details also hinted at the possibility of exclusive penthouses, the focus remains on delivering a luxury experience fitting for the prestigious address.
According to the company, the launch is keenly awaited and is targeted for the first quarter of the next financial year (FY26). However, as with all major real estate ventures, the official market debut depends on securing the necessary regulatory approvals. If the first quarter timeline is missed, the developer aims to launch the project by the major festive season later in the year, ensuring the momentum remains strong.
The developer’s bigger picture
The Filmistan project is not an isolated development; it is a critical piece of Arkade Developers’ extensive expansion blueprint for the Mumbai Metropolitan Region (MMR). The company has articulated ambitious plans to launch a total of seven real estate projects in the coming cycle, collectively valued at around ₹8,000 crore. This comprehensive strategy involves a mix of new land acquisitions and crucial redevelopment projects across suburban Mumbai and potentially in areas like Thane.
This shift underscores a broader trend in Mumbai where valuable, centrally-located land previously occupied by industrial units, mills or in this case, a film studio, is being unlocked for high-value residential use. For homebuyers, this means an opportunity to live at a location steeped in cinematic history, now repurposed for modern, luxurious living. The transition from the dream factory of Bollywood to a sanctuary of luxury residences represents one of Mumbai’s most compelling real estate stories.
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Disclaimer – This article is based on news reports and company announcements. Project details, timelines, and financial figures are subject to change and regulatory approvals. Readers should verify information.
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