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After several months of speculation about the acquisition of the RK Studios property in Chembur, it is now confirmed that Godrej Properties has purchased it from the Kapoor family. The studio, one of Mumbai's iconic landmarks, was created in 1948 by Bollywood filmmaker-actor Ace Showman Raj Kapoor.
In recent years, the floors of the studio were rented for film shoots and television series. After a devastating fire in September 2017, the property remained vacant. Precious memories and other studio equipment were destroyed in the fire. Last year, Rishi Kapoor, who is currently being treated for cancer in the United States, had confirmed that his family was negotiating for the sale of the property, which was becoming difficult to manage.
Godrej Properties acquired the 2.2 acres of land to develop a mixed-use project (residential and commercial). In an official statement, the company said: "The site is strategically located on the Sion-Panvel main road and offers an extremely well developed social and civic infrastructure with several schools, hospitals, shopping malls, residential and commercial spaces nearby. proximity."
When BT contacted Randhir Kapoor, he said, "We sold the property about six months ago. It was a decision we made and it was only a matter of time before we could execute things. It was becoming difficult to manage, even though we were doing everything for its upkeep. The fire of 2017 destroyed everything that was important, and from that moment on, it became harder. My father believed that it was necessary to move forward with time. he always said that the show should continue, whatever happens. That's exactly what we did when it came to RK Studios. We all have an emotional attachment to what our father had built for us, but it was the need of the hour. The property was in good hands in the past and continues to be there today. My best wishes go to the new owners. I hope that they will respect the legacy of the land that they have bought from us. "
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In recent years, the floors of the studio were rented for film shoots and television series. After a devastating fire in September 2017, the property remained vacant. Precious memories and other studio equipment were destroyed in the fire. Last year, Rishi Kapoor, who is currently being treated for cancer in the United States, had confirmed that his family was negotiating for the sale of the property, which was becoming difficult to manage.
Godrej Properties acquired the 2.2 acres of land to develop a mixed-use project (residential and commercial). In an official statement, the company said: "The site is strategically located on the Sion-Panvel main road and offers an extremely well developed social and civic infrastructure with several schools, hospitals, shopping malls, residential and commercial spaces nearby. proximity."
When BT contacted Randhir Kapoor, he said, "We sold the property about six months ago. It was a decision we made and it was only a matter of time before we could execute things. It was becoming difficult to manage, even though we were doing everything for its upkeep. The fire of 2017 destroyed everything that was important, and from that moment on, it became harder. My father believed that it was necessary to move forward with time. he always said that the show should continue, whatever happens. That's exactly what we did when it came to RK Studios. We all have an emotional attachment to what our father had built for us, but it was the need of the hour. The property was in good hands in the past and continues to be there today. My best wishes go to the new owners. I hope that they will respect the legacy of the land that they have bought from us. "
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