Godrej Properties buys RK Studios for an undisclosed sum

Spread across 2.2 acres, the developer can build approximately 33,000 square meters (approximately 0.35 million square feet) of saleable area

Raj Kapoor’s RK Studios in Chembur, an eastern suburb of Mumbai, has slipped into history. The 2.2-acre iconic landmark has been sold to Godrej Properties, the Godrej group’s real estate company. Although neither party is willing to put a figure to the deal, the industry estimate is that the plot went under the hammer for close to Rs 200 crore.

The plot is located on the Sion-Panvel highway, an arterial road that connects the southern tip of the city with many townships of Navi Mumbai. Of the total area, about 33,000 sq metre (around 350,000 sq ft) of saleable area can