Net worth of RK Studios: How much money will the Kapoor family make off this prime property? – details inside
Wednesday, August 29, 2018 IST
Spread across 2 acres, RK studios is not just an iconic venue for Indian cinema, it is also a prime property in the heart of one of the most expensive cities in the world when it comes to real-estate.
RK Studios, the legacy of Raj Kapoor which was been a mecca for Bollywood. From aspiring actors to established superstars, all have spent time at this illustrious building – be it for film screenings, looking for work, or simply to chill with The Kapoors, most 40-plus actors today have fond memories of this iconic building in Bombay. Add to that, a lot of people are unaware that not just Raj Kapoor’s films, Manmohan Desai, Prakash Mehra and Hrishikesh Mukherjee also shot their films in this studio.
Located in Chembur, one of the largest suburbs in Mumbai east, RK Studios is quite a humongous piece of land. And going by the skyrocketing real-estate prices these days, especially in Mumbai, one can expect a handsome return when The Kapoors finally sell it.
According to a report in The Quint, a local realtor, who deals in Chembur revealed that the 2 acre plot (RK Studios) will fetch no less than a whopping Rs 500 crore as per the current market value. Well, that amount is truly something isn’t it? Especially since The Kapoor’s are a large family and it can be assumed that once sold, a number of them will share the profits.
News about RK Studios being sold had dropped a few days back after a report appeared in Mumbai Mirror in which Rishi Kapoor revealed that the family was unable to keep up with renovations and other expenses of RK Studios – it was no longer economically viable.
“The investment in rebuilding the studio would just not have yielded sufficient revenue to keep it going. Believe me, we had to take the larger picture into account and take a level-headed decision. Even before the fire, for years R. K. Studio had become a huge white elephant, toting up losses. The few bookings we would get from films, TV serials and ad shoots would expect free parking space, air-conditioning and discounts,” said Rishi Kapoor.
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