Godrej Properties launches luxury housing project at RK Studios’ land in Mumbai
Monday, January 27, 2020 IST
Realty firm Godrej Properties on Friday launched a luxury housing project at iconic R K Studios’ land in Mumbai.
In May last year, the company had announced the acquisition of the land in Chembur to develop mixed-use project comprising luxury flats and retail space. Godrej Properties, part of Godrej group, had said that the project spread across 2.2 acre would offer about 3.5 lakh sq ft of saleable area. The company had not disclosed the deal value.
The company on Friday said it is launching a luxurious residential development at RK Studios, Chembur. Godrej Properties did not mention total housing units to be developed and the investments to be made in the project.
Pirojsha Godrej, Executive Chairman, Godrej Properties said, We are thrilled to launch Godrej RKS at the iconic RK Studios in Chembur. We will seek to ensure we celebrate the remarkable legacy of this site with a landmark development that delivers an outstanding lifestyle for its residents.
Godrej RKS is strategically located on the main Sion-Trombay Road. Founded by Raj Kapoor in 1948, the studio is witness to the making of several films produced by the Kapoor family over the decades.
After selling this studio last year, Randhir Kapoor of R K Studios had said: “This property in Chembur has been of tremendous significance to my family over the many decades that R K Studios has operated from there.”
“We...have chosen Godrej Properties to script a new chapter for this location and build upon its rich history,” said Kapoor, the eldest son of late actor Raj Kapoor.
Related Topics
Trending News & Articles
If you think Wills are only for the rich, you are absolutely wrong. A Will is an essential part of any estate plan. It is the primary document for transferring your...
Recently posted . 6K views . 5 min read
Godrej Properties Ltd. (GPL) today announced that it has sold 340 homes with an area of more than half a million square feet on the first day of launch
Recently posted . 3K views . 1 min read
An intestate death often causes chaos with family often ending up fighting to get property. The succession act was created to resolve the impending chaos when a per...
Recently posted . 3K views . 2 min read
The unprecedented crisis put across by the COVID-19 outbreak has impacted the residential real estate significantly. Here are a few notable trends that are likely t...
Recently posted . 3K views . 1 min read
More in Real Estate
To win back the confidence of real estate sector, the housing ministry has launched an online platform to facilitate homebuyers in selecting and purchasing genuine ...
Recently posted. 1K views . 2 min read
During the ten years starting from 2010, the real estate sector witnessed a massive transformation, especially in markets like Pune, Bengaluru, Hyderabad, Delhi-NCR...
Recently posted. 1K views . 2 min read
Let’s admit it – the terms and jargon thrown at us by agents and realtors have us staring at them cluelessly most of the time. While buying a house, ter...
Recently posted. 1K views . 3 min read
Recently posted . 3K views
Recently posted . 2K views
Recently posted . 2K views
If you think Wills are only for the rich, you are absolutely wrong. A Will is an essential part of any estate plan. It is the primary document for transferring your...
Recently posted. 6K views . 5 min read
What are the financial and income tax consequences that follow, if a property deal is called off or cancelled? We examine
Recently posted. 1K views . 0 min read