Mumbai, May 4 -- Mumbai's landmark property RK Studios, which had been up for sale ever since a massive fire gutted the premises in September 2017, has finally changed hands. Its new owner is: realty major Godrej Properties Ltd (GPL), which is now planning to develop a swanky residential complex-cum-shopping plaza on the premises.
Confirming that it had inked a deal with Kapoors, GPL said in a statement here on Friday that 2.2 acre RK studio property, located at Chembur in north-east Mumbai, would offer to the new owner an approximately 3,50,000 sq ft ( 33,000 square meters) of saleable area comprising modern residential apartments of various configurations as well as a luxury retail experience.
Located on the main Sion-Panvel Road, the p...