Mumbai’s real estate market is witnessing another major transformation with Arkade Developers Limited’s acquisition of the iconic Filmistan Studios land in Goregaon. The developer has entered into a binding agreement to acquire a 100% stake in Filmistan Pvt Ltd for ₹183 crore. This acquisition paves the way for a high-end residential project featuring luxury apartments with a projected Gross Development Value (GDV) of ₹3,000 crore. With an expected launch in 2026, Arkade Developers plans to build two 50-storey towers offering ultra-luxurious living spaces, making it a landmark in Western Mumbai’s real estate landscape.
Arkade Developers’ Vision for Goregaon
1. A Strategic Acquisition in Goregaon West
The 4-acre land parcel located on SV Road in Goregaon West, known as Filmistan Studios, holds both emotional and historical significance for Mumbai. Arkade Developers aims to transform this iconic site into an ultra-luxury residential project. The acquisition is set to enhance Goregaon’s already promising real estate market, which has evolved into one of Mumbai’s most strategically positioned residential corridors.
2. Details of the Luxury Residential Project
- Project Overview: The project will feature spacious 3, 4, and 5 BHK apartments along with exclusive penthouses.
- Towers and Architecture: Two 50-storey high-rise towers will redefine the skyline of Goregaon West, offering panoramic views of the city.
- Launch Date: Tentatively set for 2026, the project promises to be a landmark in Mumbai’s premium housing sector.
- GDV: The project’s estimated Gross Development Value (GDV) is ₹3,000 crore, underscoring its potential in the luxury housing market.
3. Goregaon’s Strategic Location
Goregaon is rapidly becoming one of Mumbai’s most desirable residential destinations, thanks to its superior connectivity and infrastructure. The locality enjoys proximity to major commercial hubs, including Mindspace, BKC, and Andheri, making it ideal for working professionals. The Western Express Highway and metro lines further enhance its accessibility, while the presence of schools, hospitals, malls, and entertainment hubs adds to the quality of life for residents.
Summary Table: Key Project Details
| Project Aspect | Details |
|---|---|
| Project Name | Arkade Developers’ Luxury Residential Project |
| Location | Filmistan Studios, Goregaon West, Mumbai |
| Acquisition Cost | ₹183 Crore |
| Gross Development Value | ₹3,000 Crore |
| Project Type | Ultra-Luxury 3, 4, 5 BHK Apartments & Penthouses |
| Launch Year | 2026 |
| Towers | 2 (50 storeys each) |
| Expected Price per Sq Ft | ₹30,000 – ₹40,000 |
Quotes from Arkade Developers
Amit Jain, Chairman and Managing Director of Arkade Developers, expressed his excitement about the project:
“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; 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.”
Jain also added, “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 into the uber-luxury segment.”
FAQ Section
1. What is the Filmistan Studios project by Arkade Developers?
The Filmistan Studios project is an ultra-luxury residential development planned by Arkade Developers on a 4-acre plot in Goregaon West. It will feature spacious 3, 4, and 5 BHK apartments and exclusive penthouses across two 50-storey towers.
2. What is the expected launch date for the project?
The project is expected to launch in 2026.
3. How much is the project’s Gross Development Value (GDV)?
The projected GDV for the Filmistan Studios project is ₹3,000 crore.
4. Where is the Filmistan Studios land located?
The 4-acre land is located on SV Road, Goregaon West, Mumbai, one of the city’s prime residential areas.
5. Why is Goregaon becoming a sought-after real estate destination?
Goregaon offers exceptional connectivity to commercial hubs like BKC, Andheri, and Mindspace. It is also well-served by public transport, including metro lines, and boasts a robust social infrastructure with schools, hospitals, malls, and entertainment centers.
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