Godrej Properties, India's real estate development company of the Godrej Group, declared its new acquisition today, 3rd May 2019 of R.K. Studio.
R.K Studios land in Chembur, Mumbai, also known for its iconic location will soon undergo real estate development by Godrej Properties. The estate company plans to develop mixed-use project housing, luxury flats, and retail space.

Historically, the location is not less than 70 years and was under the name of legendary actor and filmmaker late Raj Kapoor.
The total area under the studio covers around 2.2 acres, 33000 sq. meters (approx.). However, the deal value of the acquisition is not disclosed yet.
The reason for the acquisition has been announced by the company's Executive Chairman, Pirojsha Godrej. He said the studio fits well with the plan for developing estate project in India and offer an outstanding lifestyle for its residents.

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(Source: Google images)