Latest news with #FilmistanPvtLtd
Time of India
03-07-2025
- Business
- Time of India
Arkade finalises Filmistan Studio buy in Mumbai's Goregaon suburb
(You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Realty developer Arkade Developers has signed a binding agreement to acquire Filmistan Pvt Ltd that owns Filmistan Studio in Mumbai's Gorgeous suburbs for around Rs 183 January, the company had already announced signing an agreement to acquire this studio and has now completed the formal deal provides Arkade ownership of the iconic 4-acre Filmistan Studios plot on SV Road in Goregaon company is planning to develop a luxury residential project on this plot and expects the project to have Gross Development Value (GDV) of Rs 3,000 crore.
Hindustan Times
03-07-2025
- Business
- Hindustan Times
Mumbai real estate: Arkade to develop luxury apartments in Goregaon's Filmistan studio land, ₹3,000 crore projected GDV
Mumbai-based listed developer Arkade Developers Limited said on July 3 that it has entered into a binding agreement to acquire the entire stake in Filmistan Pvt Ltd for ₹ 183 crore. The company plans to launch a project with luxury apartments having a gross development value of ₹ 3,000 crore. Mumbai-based listed developer Arkade Developers Limited said on July 3 that it has entered into a binding agreement to acquire the entire stake in Filmistan Pvt Ltd for ₹ 183 crore. (Picture for representational purposes only)(Mehul R Thakkar/HT) According to the company, 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.' The company said that the project is scheduled for a tentative launch in the calendar year of 2026 and is planned for an uber-luxury residential development that will feature spacious 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 ₹ 3,000 crore, the project is poised to become a landmark in premium housing in Western Mumbai. Mumbai-based listed developer Arkade Developers Ltd announced on July 3 that it has entered into a binding agreement to acquire the entire stake in Filmistan Pvt Ltd for ₹ 183 crore. The acquisition will enable Arkade to develop the iconic 4-acre land parcel on SV Road, Goregaon West, popularly known as Filmistan Studios. Also Read: ₹ 8.5 crore for a 5 BHK apartment in Mumbai's Borivali sparks social media reactions The developer plans to launch an uber-luxury residential project on the site in 2026, featuring spacious 3, 4, and 5 BHK apartments and exclusive penthouses across two 50-storey high-rises. With a projected Gross Development Value (GDV) of ₹ 3,000 crore, the project is set to become a premium housing landmark in Western Mumbai. "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, and 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," Amit Jain, chairman and managing director, Arkade Developers Limited, said. "Our track record across MMR stands as a testament to our commitment to quality, timely delivery, and design excellence. 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 and reaffirming our promise to deliver spaces that are both timeless and transformative," Jain said. Also Read: 1.7 lakh homes sold across top eight cities in H1 2025; NCR overtakes Mumbai in ultra luxury housing sales Goregaon's real estate landscape According to the company, 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, Goregaon, Andheri, etc. Also Read: Gautam Singhania on luxury real estate: 'If Raymond can make ₹ 16 lakh jackets, why not ₹ 100 crore apartments someday?' Beyond connectivity, Goregaon boasts a robust social infrastructure, featuring renowned schools, hospitals, shopping centres, malls, entertainment centres, and expansive green pockets like Aarey Forest. Local brokers said the average per sq ft price of an apartment in Goregaon West is around ₹ 30,000 to ₹ 40,000, depending on several factors.
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Business Standard
03-07-2025
- Business
- Business Standard
Here's why Arkade Developers share price is in demand today; details inside
Arkade Developers share price: Real estate firm Arkade Developers share price was in demand on Thursday, July 3, 2025, with the stock rising up to 5.96 per cent to hit an intraday high of 199.70 per share. Around 1:30 PM, Arkade Developers share price continued to trade near day's high, up 4.51 per cent at 196.95 per share. In comparison, BSE Sensex was trading 0.22 per cent higher at 83,591.87 levels. Why did Arkade Developers share price rise today? Arkade Developers' share price rose today after the company announced that it has entered into a binding agreement to acquire Filmistan Pvt Ltd for a total consideration of approximately ₹183 crore. The strategic acquisition grants Arkade Developers the rights to develop the iconic 4-acre 'Filmistan Studios' land parcel located on SV Road in Goregaon West, Mumbai. The company plans to launch an uber-luxury residential project on this site in CY2026, featuring spacious 3, 4, and 5 BHK residences along with exclusive penthouses. The landmark development will comprise two 50-storey towers, and is expected to generate a Gross Development Value (GDV) of ₹3,000 crore, cementing Arkade's position in Mumbai's premium housing segment. Goregaon West has rapidly emerged as a sought-after residential destination, thanks to its excellent connectivity via the Western Express Highway, metro networks, and major arterial roads. Its proximity to key commercial hubs such as BKC, Andheri, and Mindspace, along with a robust social infrastructure—schools, hospitals, malls, and green spaces like Aarey Forest—make it an attractive location for luxury living and long-term investment. The project, designed with a focus on privacy, space, and elegance, is set to redefine luxury living in the western suburbs. With this development, Arkade Developers continues to strengthen its presence in the region. About Arkade Developers Arkade Developers is a Mumbai-based luxury real estate company, listed on both BSE and NSE. With a legacy of over 39 years and under the leadership of chairman and managing director Amit Jain, the company has delivered 31 projects, creating homes for more than 5,500 families. The company focuses on family-friendly housing and is known for its commitment to quality, timely delivery, and values of trust and transparency. To date, it has developed over 5.5 million sq. ft., with over 2 million sq. ft. currently under development.
