K Raheja Targets 1.5-Acre Famous Studios in ₹650 Crore Deal
Representational AI Image. Famous Studios, a landmark in South Mumbai renowned for film, television, and advertising shoots since 1946, is on the verge of a change in ownership with a transaction valued at approximately ₹650 crore, according to sources familiar with the matter. Real estate developer K Raheja Corp is in advanced negotiations to purchase the 1.5-acre site located on Dr E Moses Road, which overlooks the Mahalaxmi Racecourse and has hosted numerous generations of Bollywood and advertising luminaries. “The company is expected to finalize the deal as a joint development agreement, involving the sharing of developed space with the…