K Raheja Corp Eyes Rs 6.5 Billion Deal for Famous Studios

05 Sep 2025 CW Team

K Raheja Corp is in advanced negotiations to acquire the iconic Famous Studios property in South Mumbai for approximately Rs 6.5 billion, according to industry sources familiar with the matter.

The 1.5-acre plot, located on Dr. E Moses Road and overlooking the Mahalaxmi Racecourse, carries a development potential of nearly 400,000 sq. ft., subject to approvals from civic authorities. The deal is being structured as a joint development agreement, under which a portion of the developed space will be shared with the current owners.

Established in 1946, Famous Studios has been a landmark for Bollywood film, television, and advertising shoots. Over the years, the studio has modernised its offerings by incorporating digital post-production and event spaces. However, the soaring value of South Mumbai real estate has shifted focus towards redevelopment.

This is not the first attempt to redevelop the site. In 2012, Piramal Realty was in talks for a Rs 3.5 billion deal, which ultimately fell through due to issues around leasehold conversion, tenant relocation, and commercial disagreements.

If successful, the deal will mark a significant redevelopment in one of Mumbai’s most valuable precincts and further consolidate K Raheja Corp's presence in luxury and commercial real estate.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..