+
Arkade Buys Filmistan, Plans Rs 30 Bn Project on 4-acre Goregaon Plot
Real Estate

Arkade Buys Filmistan, Plans Rs 30 Bn Project on 4-acre Goregaon Plot

Arkade Developers, a real estate company, has entered into a binding agreement to acquire the entity 'Filmistan Pvt Ltd', for a total outlay of ~Rs 1.83 billion. This acquisition will enable Arkade Developers to develop the iconic 4-acre land parcel situated on SV Road in Goregaon West, popularly known as ‘Filmistan Studios’.

Scheduled for a tentative launch in CY-2026 the planned uber-luxury residential development will feature spacious 3, 4, and 5 BHK residences along with exclusive penthouses, across two striking high-rise towers of 50 storeys each. With a projected Gross Development Value (GDV) of Rs 30 billion, the project is poised to become a landmark in premium housing in Western Mumbai.

Goregaon has rapidly transformed into one of Mumbai’s most promising and strategically positioned residential corridors. With its exceptional connectivity, including proximity to the Western Express Highway, metro lines, and key arterial roads, the suburb offers seamless access to major commercial hubs such as Mindspace, BKC, Goregoan, Andheri, etc. Beyond connectivity, Goregaon boasts a robust social infrastructure, featuring renowned schools, hospitals, shopping malls, entertainment centres, and expansive green pockets like Aarey Forest. This unique blend of urban convenience and natural tranquillity makes Goregaon not only ideal for luxury living but also a smart long-term investment. As the suburb continues to evolve with premium developments and infrastructure upgrades, it is poised to deliver strong capital appreciation and rental demand, making it an attractive proposition for both end-users and forward-looking investors.

Amit Jain, Chairman and Managing Director, Arkade Developers, commented, "Filmistan Studios holds immense emotional and legacy significance for Mumbai, and we are privileged to be entrusted with shaping its next chapter. This development will go beyond being a premium address, and it will offer a thoughtfully curated lifestyle experience for a discerning few. At Arkade Developers, we are not just creating homes; we are crafting a legacy that reflects the dynamic aspirations of our ever-evolving city. Our track record across MMR stands as a testament to our commitment to quality, timely delivery, and design excellence. With a focused strategy across the western suburbs, we are actively expanding our footprint in this region with a couple of launches planned in early 2026. The upcoming transformation of the iconic Filmistan Studios will be a pivotal moment in our journey, foraying our position in the uber-luxury segment and reaffirming our promise to deliver spaces that are both timeless and transformative.”

Thoughtfully designed with an emphasis on privacy, space, and understated elegance, the project will set a new benchmark for uber-luxury living in Goregaon West. With this marquee development, Arkade Developers continues to expand its footprint in Mumbai’s western suburbs while remaining committed to its founding pillars of trust, transparency, and timeless designs.

Arkade Developers, a real estate company, has entered into a binding agreement to acquire the entity 'Filmistan Pvt Ltd', for a total outlay of ~Rs 1.83 billion. This acquisition will enable Arkade Developers to develop the iconic 4-acre land parcel situated on SV Road in Goregaon West, popularly known as ‘Filmistan Studios’.Scheduled for a tentative launch in CY-2026 the planned uber-luxury residential development will feature spacious 3, 4, and 5 BHK residences along with exclusive penthouses, across two striking high-rise towers of 50 storeys each. With a projected Gross Development Value (GDV) of Rs 30 billion, the project is poised to become a landmark in premium housing in Western Mumbai.Goregaon has rapidly transformed into one of Mumbai’s most promising and strategically positioned residential corridors. With its exceptional connectivity, including proximity to the Western Express Highway, metro lines, and key arterial roads, the suburb offers seamless access to major commercial hubs such as Mindspace, BKC, Goregoan, Andheri, etc. Beyond connectivity, Goregaon boasts a robust social infrastructure, featuring renowned schools, hospitals, shopping malls, entertainment centres, and expansive green pockets like Aarey Forest. This unique blend of urban convenience and natural tranquillity makes Goregaon not only ideal for luxury living but also a smart long-term investment. As the suburb continues to evolve with premium developments and infrastructure upgrades, it is poised to deliver strong capital appreciation and rental demand, making it an attractive proposition for both end-users and forward-looking investors.Amit Jain, Chairman and Managing Director, Arkade Developers, commented, Filmistan Studios holds immense emotional and legacy significance for Mumbai, and we are privileged to be entrusted with shaping its next chapter. This development will go beyond being a premium address, and it will offer a thoughtfully curated lifestyle experience for a discerning few. At Arkade Developers, we are not just creating homes; we are crafting a legacy that reflects the dynamic aspirations of our ever-evolving city. Our track record across MMR stands as a testament to our commitment to quality, timely delivery, and design excellence. With a focused strategy across the western suburbs, we are actively expanding our footprint in this region with a couple of launches planned in early 2026. The upcoming transformation of the iconic Filmistan Studios will be a pivotal moment in our journey, foraying our position in the uber-luxury segment and reaffirming our promise to deliver spaces that are both timeless and transformative.”Thoughtfully designed with an emphasis on privacy, space, and understated elegance, the project will set a new benchmark for uber-luxury living in Goregaon West. With this marquee development, Arkade Developers continues to expand its footprint in Mumbai’s western suburbs while remaining committed to its founding pillars of trust, transparency, and timeless designs.

Next Story
Building Material

UltraTech’s Limestone Mine Gets India’s First-Ever 7-Star Rating

UltraTech Cement, India’s largest producer of cement and Ready-Mix Concrete (RMC), has received top honours for sustainable mining practices. Thirteen of the company’s limestone mines were awarded star ratings by the Indian Bureau of Mines (IBM), Ministry of Mines, for FY 2023–24 during a ceremony held in Jaipur, Rajasthan. Among these, the Naokari Limestone Mine—part of UltraTech’s Awarpur Cement Works in Chandrapur, Maharashtra—was awarded India’s first-ever 7-star rating for a limestone mine, in recognition of exceptional performance in ‘Green Mining’. The remain..

Next Story
Infrastructure Urban

Sieger Parking Enters Mumbai Market, Expands West India Presence

Sieger Parking, a Coimbatore-headquartered specialist in automated and multi-level car parking systems, has announced its entry into Western India with the launch of a regional office in Mumbai. This move marks a key milestone in the company’s pan-India growth strategy and its commitment to delivering technology-driven, space-efficient parking solutions across urban India. The Mumbai office will serve as the regional headquarters for Maharashtra and neighbouring states, supporting end-to-end operations with on-ground sales, project management, and service teams. The aim is to fast-track..

Next Story
Resources

IGBC Green Kochi Conclave 2025 Champions Culture and Climate Action

The Indian Green Building Council (IGBC), part of CII, hosted the Green Kochi Conclave 2025 on 4 July at Hotel Holiday Inn, Kochi, under the theme “Tharavadu to Tomorrow: Weaving Kerala’s Heritage into a Sustainable Built Environment.” The event brought together policymakers, architects, developers, and thought leaders to discuss Kerala’s progress in blending cultural heritage with sustainable design.  Kerala is emerging as a frontrunner in climate-resilient development, thanks to passive design strategies, rainwater harvesting, cool roof initiatives, and the widespread adopt..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?