Arkade Developers has entered a binding agreement to acquire Filmistan for approx. Rs 183 crore. The acquisition includes the iconic four-acre land parcel on SV Road, Goregaon West, known as ‘Filmistan Studios’. Arkade plans to launch an uber-luxury residential development on the site in calendar year 2026.
The project will feature premium three, four, and five-BHK residences, along with exclusive penthouses housed in two 50-storey high-rise towers. The development carries a projected Gross Development Value (GDV) of Rs 3,000 crore and aims to become a landmark in Western Mumbai’s luxury housing segment. Goregaon has rapidly emerged as a key residential hub due to its strategic location and excellent connectivity—proximity to Western Express Highway, Metro lines, and arterial roads offering easy access to Mindspace, BKC, Andheri, and other commercial zones.
The suburb is also backed by a strong social infrastructure, including top-tier schools, hospitals, malls, entertainment centers, and green spaces like Aarey Forest.