India, Oct. 28 -- Mumbai-based Arkade Developers is set to launch a luxury residential project featuring 3- and 4-BHK apartments on the iconic Filmistan Studio land in Goregaon, Mumbai, a site founded by Bollywood actor Kajol's grandfather.

The project, expected to debut in the next financial year, has an estimated development potential of Rs.3,000 crore. Overall, the company plans to launch seven real estate projects with a combined value of around Rs.8,000 crore in the coming months, said Amit Jain, chairman and managing director of Arkade Developers Limited.

"We currently have six ongoing projects with a potential value of Rs.2,000 crore, averaging Rs.350 crore per project. However, in the upcoming cycle, we have the potential for Rs...