Arkade Developers acquires Filmistan; to develop 4-acre parcel in Goregaon

July 4, 2025: Arkade Developers has entered into a binding agreement to acquire the entity ‘Filmistan Pvt Ltd’, for a total outlay of Rs 183 crore. 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 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 3,000 crore, 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. 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. This development will go beyond being a premium address, and it will offer a thoughtfully curated lifestyle experience for a discerning few. 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.”