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 Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..