Arkade Developers to Roll Out Rs.3,000 Cr Premium Housing Project

Arkade Developers, based in Mumbai, is on the brink of unveiling a luxury residential development of a project which will offer 3 and 4-BHK housing units located on the historical site of Filmistan Studio in Goregaon, Mumbai, which was established by Bollywood actor Kajol's grandfather.

The new development, which is anticipated to launch during the next financial year, has a development value of around Rs. 3,000 crore.

The company is also looking to announce seven total real estate developments together worth around Rs. 8,000 crore soon, said Amit Jain, Chairman and Managing Director of Arkade Developers Limited.

Key Highlights

• Arkade Developers to launch Rs. 3,000 Cr luxury residential project on the historic Filmistan Studio site in Goregaon, Mumbai in FY26.
• Project offers premium 3- and 4-BHK apartments, blending luxury living with Bollywood heritage.
• Arkade plans seven major real estate developments worth Rs. 8,000 Cr, signaling aggressive expansion in Mumbai’s luxury housing market.

The company stated, it would launch a residential luxury development on the Filmistan Studio in Q1 of FY26.

According to Jain, the studio structures have already been razed, with the plan to execute at the beginning of the financial year. "I can't share more at this point," he said.

Filmistan Studio, which is housed on 4 acres of land, was founded in 1943, by Kajol's grandfather Sasadhar Mukherjee. In July 2025, Arkade Developers announced the luxury apartment development would launch on the site.

"We currently have six ongoing projects with a potential value of Rs. 2,000 crore, averaging Rs. 350 crore per project. However, in the upcoming cycle, we have the potential for Rs. 8000 crore or more for seven projects. Three out of the seven are land projects where we have the land, and four projects are of a redevelopment nature," Jain said.

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"Our target is early next financial year, said around Q1FY26, for launching the Filmistan Studio project, but it depends on several factors like approvals, etc. If not in the first quarter, the launch may happen by the festive season of next year," Jain said.