Arkade Developers Limited, a prominent name in Mumbai’s luxury real estate sector, has announced its acquisition of Filmistan Private Limited for approximately ₹183 crores. This strategic move marks a significant milestone in the company’s expansion plans, as it aims to develop a 4-acre land parcel in Goregaon West into an iconic residential project.
The Acquisition and Project Details
The acquisition of Filmistan Pvt Ltd includes the iconic Filmistan Studios land on SV Road, Goregaon West. Arkade Developers plans to launch an uber-luxury residential project in 2026, featuring 3, 4, and 5 BHK residences along with exclusive penthouses across two 50-storey towers. The project is projected to achieve a Gross Development Value (GDV) of ₹3,000 crore, setting a new benchmark for premium housing in Western Mumbai.
Why Goregaon?
Goregaon has emerged as one of Mumbai’s most sought-after residential hubs due to its exceptional connectivity and robust social infrastructure. Proximity to the Western Express Highway, metro lines, and key commercial hubs like Mindspace and BKC makes it an ideal location for luxury living. Additionally, the area boasts renowned schools, hospitals, shopping malls, and green spaces like Aarey Forest, offering a perfect blend of urban convenience and natural tranquility.
Leadership’s Vision
Mr. Amit Jain, Chairman and Managing Director of Arkade Developers, emphasized the emotional and legacy significance of Filmistan Studios. He stated, “This development will go beyond being a premium address; it will offer a thoughtfully curated lifestyle experience for a discerning few.” The project reflects Arkade’s commitment to quality, timely delivery, and design excellence, further solidifying its reputation in the luxury real estate segment.
About Arkade Developers
With a legacy spanning 39 years, Arkade Developers has completed 31 projects, developed over 5.5 million square feet of property, and delivered homes to 5,500+ families. Listed on both BSE and NSE, the company is renowned for its timely deliveries and family-centric approach. Their upcoming projects, including the Filmistan development, underscore their focus on innovation and customer satisfaction.
The acquisition of Filmistan Pvt Ltd and the planned luxury residential project highlight Arkade Developers’ ambition to redefine premium living in Mumbai. As Goregaon continues to evolve, this development promises to be a landmark, offering unparalleled lifestyle opportunities and strong investment potential. Stay tuned for more updates as Arkade Developers crafts another timeless masterpiece.
