Godrej Properties to script a new chapter for RK studios

Godrej Properties to script a new chapter for RK studios Godrej Properties Ltd. purchased Mumbai’s iconic RK Film Studio, named after the legendary Bollywood actor Raj Kapoor on Friday. The land will now make way for a real estate project. According to media reports, it purchased the 2.2 acres of land from the Kapoors for Rs 190-200 crore. Also Read: Sharif, daughter arrested in graft case, flown to Islamabad [caption id="attachment_290788" align="aligncenter"] Godrej Properties to script a new chapter for RK studios[/caption] Godrej Properties said that the land will be developed into a mixed-use project that will have approximately 33,000 square meters or 350,000 square feet of saleable area. It would comprise of residential apartments and retail spaces. Also Read: Heroin concealed in tractor seized by BSF at Indo-Pak border Founded in 1948, the studio land is located on the Sion-Panvel road. “We are happy to add this iconic site in Chembur to our development portfolio,” Pirojsha Godrej, executive chairman of Godrej Properties said in a statement. “This fits well with our strategy of deepening our presence in key locations across India's leading cities.” Also Read: BJP, Cong trade charges over land deals involving Rahul, Priyanka [caption id="attachment_290789" align="aligncenter"] Godrej Properties to script a new chapter for RK studios[/caption] The over seven-decade-old RK Studio produced some iconic Hindi films like Jis Desh Mein Ganga Behti Hai (1960), Mera Naam Joker (1970), Ram Teri Ganga Maili (1985), among others. The studio was engulfed in a massive fire on Sep. 16, 2017 during the shoot of a television reality show. Kapoor family, as per media reports, decided against renovating it, claiming it wasn't economically viable. - PTC NEWS