Arkade to Launch Rs. 3000 Cr Luxury Project at Filmistan

Arkade Developers Limited, a BSE and NSE-listed real estate company, has signed a binding agreement to acquire Filmistan Pvt Ltd for Rs. 183 crore.

This acquisition unlocks a prime 4-acre land parcel on SV Road in Goregaon West, historically known as Filmistan Studios. The company plans to launch an uber-luxury residential development on the site by CY-2026, featuring 3, 4, and 5 BHK residences along with exclusive penthouses in two 50-storey high-rise towers. The project has an estimated Gross Development Value (GDV) of Rs. 3,000 crore and is expected to become a landmark in Western Mumbai's luxury housing segment.

Key Highlights

• Arkade acquires iconic Filmistan land to develop Rs. 3,000 Cr luxury towers
• Goregaon West positioned as Mumbai’s next big luxury housing hub
• Project launch set for 2026 with ultra-spacious 3-5 BHK homes & penthouses

Goregaon has emerged as one of Mumbai’s fastest-growing residential corridors, offering strong connectivity via the Western Express Highway, metro lines, and arterial roads. Its proximity to commercial zones like Mindspace, BKC, Andheri, and Goregaon makes it ideal for urban professionals. The area also benefits from top-tier social infrastructure, including schools, hospitals, malls, entertainment hubs, and green spaces like Aarey Forest. This blend of convenience and tranquility makes Goregaon a smart investment with significant capital appreciation potential.

Amit Jain, Chairman and Managing Director, Arkade Developers Limited, commented, "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. 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.”

Also Read: Arkade Developers Acquires Rs 350 Crore Redevelopment Project in Goregaon

The upcoming project emphasizes privacy, space, and understated elegance, setting a new benchmark in luxury real estate in Goregaon West. This development reinforces Arkade’s strategic expansion in Mumbai’s western suburbs and reflects its core values of trust, transparency, and timeless design.