India, Sept. 2 -- For almost eight decades, Mahalaxmi's Famous Studio was one of Mumbai's most iconic film production hubs, resonating with the voices of filmmakers, actors, and artists who shaped Indian cinema. Now, history is set to make way for a new landmark: the studio is being demolished to make room for a towering luxury residential project, reflecting the city's changing real estate landscape.

Here are six things to know about the studio's transformation into a luxury apartment project in the Mumbai real estate market by K Raheja Corp.

Established in 1943 by J. B. Roongta, Famous Studio was leased in perpetuity by the then Bombay Municipal Corporation and went on to host countless productions across decades. The studio has witne...