Arkade Developers buys Filmistan for ₹183 crore

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NEW DELHI: Arkade Developers, based in Mumbai, has finalized a binding agreement to acquire a 100% stake in Filmistan for ₹182.95 crore.

This acquisition will allow the company to develop a four-acre residential project on the site of Filmistan Studios in Goregaon West.

Amit Jain, the company’s Chairman and Managing Director, stated, “We are focused on expanding our presence in the western suburbs, with several launches scheduled for early 2026.”

The upcoming luxury project, set to launch in 2026, is projected to generate a gross development value (GDV) of ₹3,000 crore and will consist of two 50-story towers featuring 3, 4, and 5 BHK apartments and penthouses.

As per regulatory filings, Filmistan reported a turnover of ₹18.87 lakh and a net worth of ₹5.54 lakh for FY24.

Arkade Developers’ acquisition is part of a broader strategy to enhance its footprint in the luxury housing sector.

  • Published On Jul 3, 2025 at 05:30 PM IST

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