Arkade Developers to Transform Iconic Filmistan Studios into Luxury Towers

Arkade Developers to Transform Iconic Filmistan Studios into Luxury Towers

A New Chapter for Goregaon’s Storied Landmark

In a landmark deal, Mumbai-based Arkade Developers Limited has acquired Filmistan Pvt Ltd for ₹183 crore, paving the way for a bold transformation of the historic 4-acre Filmistan Studios on SV Road, Goregaon West. This strategic acquisition will see the legendary film studio reimagined as a luxury residential enclave, with a projected gross development value of ₹3,000 crore and a launch slated for 2026.

Acquisition Details and Vision

Arkade Developers has entered into a binding agreement to acquire a 100% stake in Filmistan Pvt Ltd, securing one of Western Mumbai’s most coveted parcels. The iconic site, long revered for its cinematic legacy, will soon be home to a new era of luxury living. The company’s vision is to create a premium residential address that honors the site’s past while catering to the rising demand for high-end homes in the city.

Project Overview: Redefining Premium Living

Scheduled for launch in 2026, the project will feature two striking 50-storey towers, offering spacious 3, 4, and 5 BHK apartments alongside exclusive penthouses. Designed to deliver an unparalleled lifestyle, the development will set a new benchmark for luxury housing in Goregaon and Western Mumbai, with an estimated gross development value of ₹3,000 crore.

Goregaon: Mumbai’s Emerging Luxury Destination

Goregaon West has rapidly gained prominence as one of Mumbai’s most desirable residential neighborhoods. Its strategic connectivity—linking Mindspace, BKC, and Andheri via the Western Express Highway and metro lines—makes it a magnet for both residents and investors. The suburb is further enhanced by a robust social infrastructure, including top schools, hospitals, shopping centers, entertainment venues, and the green expanse of Aarey Forest.

Market Insights: Rising Demand and Value

According to local brokers, average prices for apartments in Goregaon West range from ₹30,000 to ₹40,000 per sq ft, reflecting the area’s growing appeal and the premium commanded by top-tier amenities. As luxury housing demand continues to climb, Arkade Developers’ new project is expected to attract significant interest from discerning homebuyers seeking upscale living in Mumbai’s thriving western corridor.