On July 3, Mumbai-based listed actual property agency Arkade Developers Limited introduced that it has signed a binding settlement to amass 100% stake in Filmistan Pvt Ltd for Rs. 183 crore. The developer intends to launch a luxury condominium project on the location, with a projected gross improvement worth of Rs. 3,000 crores.
Arkade developers acquires Filmistan studios for Rs. 183 crores, plans Rs.3,000 crores luxury project in Goregaon
The firm said that this acquisition will permit Arkade Developers to develop the enduring 4-acre land parcel positioned on SV Road in Goregaon West, widely known as ‘Filmistan Studios.’
The firm talked about that the project is tentatively deliberate to launch in 2026 and can be an ultra-luxury residential improvement. It will supply spacious 3, 4, and 5 BHK residences, together with unique penthouses, unfold throughout two spectacular high-rise towers of fifty storeys every. With an estimated Gross Development Value (GDV) of Rs. 3,000 crores, the project is about to grow to be a landmark in premium housing in Western Mumbai.
Mumbai-based listed developer Arkade Developers Ltd introduced on July 3 that it has signed a binding settlement to amass 100% stake in Filmistan Pvt Ltd for Rs. 183 crores. This acquisition will permit Arkade to develop the enduring 4-acre land on SV Road, Goregaon West, generally often known as Filmistan Studios.
The developer intends to launch an ultra-luxury residential project on the location in 2026, providing spacious 3, 4, and 5 BHK residences together with unique penthouses unfold throughout two 50-storey towers. With an anticipated Gross Development Value (GDV) of Rs. 3,000 crores, the project is poised to grow to be a premium housing landmark in Western Mumbai.
According to the corporate, Goregaon has rapidly advanced into considered one of Mumbai’s most promising and strategically positioned residential areas. Thanks to its glorious connectivity—with shut entry to the Western Express Highway, metro strains, and main arterial roads—the suburb gives quick access to key business centres like Mindspace, BKC, Goregaon, Andheri, and extra.
Beyond its connectivity, Goregaon provides a powerful social infrastructure that features well-known faculties, hospitals, buying centres, malls, leisure venues, and huge inexperienced areas corresponding to Aarey Forest.
Local brokers famous that the typical worth per sq. foot for an condominium in Goregaon West ranges from Rs. 30,000 to Rs. 40,000, various based mostly on a number of components.
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