On July 3, Mumbai-based listed actual property agency Arkade Builders Restricted 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 luxurious condominium mission on the positioning, with a projected gross growth worth of Rs. 3,000 crores.
Arkade builders acquires Filmistan studios for Rs. 183 crores, plans Rs.3,000 crores luxurious mission in Goregaon
The corporate said that this acquisition will permit Arkade Builders to develop the long-lasting 4-acre land parcel situated on SV Highway in Goregaon West, well known as ‘Filmistan Studios.’
The corporate talked about that the mission is tentatively deliberate to launch in 2026 and can be an ultra-luxury residential growth. It should provide 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 Improvement Worth (GDV) of Rs. 3,000 crores, the mission is ready to turn out to be a landmark in premium housing in Western Mumbai.
Mumbai-based listed developer Arkade Builders 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 long-lasting 4-acre land on SV Highway, Goregaon West, generally referred to as Filmistan Studios.
The developer intends to launch an ultra-luxury residential mission on the positioning in 2026, providing spacious 3, 4, and 5 BHK residences together with unique penthouses unfold throughout two 50-storey towers. With an anticipated Gross Improvement Worth (GDV) of Rs. 3,000 crores, the mission is poised to turn out to be a premium housing landmark in Western Mumbai.
In response to the corporate, Goregaon has shortly developed into certainly one of Mumbai’s most promising and strategically situated residential areas. Because of its wonderful connectivity—with shut entry to the Western Specific Freeway, metro strains, and main arterial roads—the suburb offers easy accessibility to key industrial centres like Mindspace, BKC, Goregaon, Andheri, and extra.
Past its connectivity, Goregaon provides a robust social infrastructure that features well-known colleges, hospitals, procuring centres, malls, leisure venues, and enormous inexperienced areas equivalent to Aarey Forest.
Native brokers famous that the common value per sq. foot for an condominium in Goregaon West ranges from Rs. 30,000 to Rs. 40,000, various primarily based on a number of elements.
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