Arkade to develop luxury apartments in Filmistan Studio land

Arkade luxury project in Filmistan Studio land Goregaon West

Arkade Developers has moved to redevelop the iconic Filmistan Studio land on S.V. Road, Goregaon (West), into an uber-luxury residential enclave. The plan envisages two striking ~50-storey towers with spacious 3, 4 and 5 BHK homes and exclusive penthouses. The developer has indicated a projected gross development value (GDV) of around ₹3,000 crore, with a tentative launch targeted for early CY-2026.

Key facts

Location: 4-acre parcel on S.V. Road, Goregaon (W), historically known as Filmistan Studio.
Project scale: Two ~50-storey luxury towers with 3/4/5 BHK residences + penthouses (~400 apartments planned).
Launch timeline: Approvals expected by end-2025; tentative public launch in early 2026.
Projected GDV: ≈ ₹3,000 crore.
Ticket sizes (indicative): Early guidance pegs initial pricing around ₹40,000 per sq ft (subject to change).
Transaction: Acquisition of Filmistan Pvt Ltd reportedly at ~₹183 crore; earlier linked land deal ~₹165 crore (aggregate ~₹348 crore).

Why this matters

The project replaces a cultural landmark with contemporary luxury living, marking one of Western Mumbai’s most high-profile studio-to-residential transformations. Large-format 3–5 BHK layouts and penthouses in Goregaon (W) are scarce, and the site’s frontage on S.V. Road with connectivity to the Western Express Highway and upcoming Metro links positions it as a flagship address.

Indicative timeline

The composite acquisition steps concluded in July 2025. Developer applications for statutory approvals are expected to be filed with the BMC, with permissions targeted by late-2025. Market launch is planned for early 2026, subject to regulatory clearances.

A note on heritage

Filmistan Studios, founded in the early 1940s and associated with stalwarts like Ashok Kumar and the Mukherjee family, has been central to Mumbai’s film history. Its transition to housing underlines the city’s ongoing shift from legacy industrial/cultural plots to high-density residential use.

Disclaimer

All details are based on publicly available reportage and are subject to change pending detailed approvals, RERA registration, and the developer’s final disclosures. Pricing, configurations, and timelines are indicative.

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Sources: Hindustan Times