Randhir Kapoor, new owner of the iconic RK Studio …

The show will no longer take place in the iconic RK studio, 71 years old. . It will now make way for a posh residential complex and a shopping plaza through its new owner, property developer Godrej Properties Ltd., said a manager on Friday. The GPL bought the premises of the RK studio in Chembur, north-east of Mumbai – founded in 1948 – which was ravaged by a major fire that devastated it on September 16, 2017. It signed the contract with the Kapoor clan of Bollywood and plans to convert it into a modern residential apartment complex and a luxury shopping center extending over a salable area of ​​approximately 350,000 square feet.

point out that current commercial property rates in and around Chembur are in the range of Rs 24,000 to 28,000 per square foot depending on the localities.

GPL executive chairman, Pirojsha Godrej, said that the agreement fits with the company's strategy. strengthen its presence in key locations in major Indian cities. "We will strive to celebrate the remarkable legacy of this site with the goal of providing an exceptional lifestyle to its residents," said Godrej.

Bollywood actor Randhir Kapoor, son of RK Studio founder, legendary Raj Kapoor, said, "This Chembur property has been of paramount importance to my family over the many decades that RK Studio has operated from there, we are delighted to have chosen GPL to write a new chapter of this place and take advantage of its rich history. "

According to sources, mega-project design work will begin shortly and, having obtained the necessary approvals, the construction of the housing complex and shopping centers could begin in early 2020.

Incidentally, the sale of the studio property comes just eight months after the death of the property. wife of the late Raj Kapoor, Krishna Raj Kapoor, at the age of 87, on October 1, 2018.

Shortly after the fire, which also burned into ashes precious souvenirs and costumes of the At the co In the last seven decades, the Kapoor family had expressed their inability to revive or maintain it.

The RK studio was the location of some RK Films clbadics such as Aag (1948), Barsaat (1949), Awaara (1951 ), Shree 420 (1955), by Jaagte Raho (1956), Anari (1959), Sangam (1964), Mera Naam Joker (1970), Bobby (1973), Satyam Shivam Sundaram (1978) and many others.

Raj Kapoor dies in June 1988, after which some of his incomplete films as Ram Teri Ganga Maili (1989), Henné ] (1991).

(With the exception of the title, this story has not been altered by NDTV staff and is published from a syndicated feed.)

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