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The show will never again go on at the notorious 71-year-old RK Studio. It will presently clear path for a chic private complex-cum-strip mall through its new proprietor, realty major Godrej Properties Ltd., an authority said here on Friday. The GPL has bought the 2.20 sections of land (around, 100,000 sq. feet) RK Studio premises in Chembur, north-east Mumbai – established in 1948 – which were gutted in a noteworthy flame that overwhelmed it on September 16, 2017. GPL, which has inked the arrangement for an undisclosed sum with the Bollywood’s Kapoor faction – plan to now change over it into a cutting edge private high rise and an extravagance retail focus spread over a saleable region of around 350,000 sq. feet.
Driving realty players however call attention to that the present business property rates in and around Chembur are in the scope of Rs. 24,000-Rs. 28,000 because of every sq. toes relying on on atop the region.
Official Chairman of GPL, Pirojsha Godrej, said the arrangement fits with the organization’s system of extending its quality in key areas over India’s driving urban areas. “We will look to guarantee we commend the amazing heritage of this site with the objective of conveying a remarkable way of life for its occupants,” Godrej said.
Bollywood on-screen character Randhir Kapoor, child of the author of RK Studio, the amazing Raj Kapoor, stated: “This property in Chembur, has been of colossal hugeness to my family over the numerous decades that RK Studio has worked from that point. We are eager to have picked GPL to content another section for this area and expand upon its rich history.”
Unexpectedly, the studio property deal bargain comes scarcely eight months after late Raj Kapoor’s better half Krishna Raj Kapoor passed on at 87 years old, on October 1, 2018.