Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Movies
1-min read

Godrej Properties Buys RK Studios, to Develop it as Luxury Flats

RK Studios is strategically located on the main Sion-Panvel Road in Mumbai and offers an extremely well-developed social and civic infrastructure.

PTI

Updated:May 3, 2019, 4:25 PM IST
facebookTwitterskypewhatsapp
Godrej Properties Buys RK Studios, to Develop it as Luxury Flats
RK Studios.
Loading...

Realty firm Godrej Properties on Friday announced the acquisition of iconic RK Studios' land in Chembur, Mumbai, where it would develop mixed-use project housing luxury flats and retail space.

Godrej Properties, part of Godrej group, said it has added a new project in Chembur, Mumbai. "Spread across 2.2 acres, this project will offer approximately 33,000 square meters (about 0.35 million square feet) of saleable area comprising modern residential apartments of various configurations as well as a luxury retail experience," the company said. However, it did not disclose the deal value.

Godrej Properties Executive Chairman Pirojsha Godrej said the company has added this iconic site in Chembur to its development portfolio. "This fits well with our strategy of deepening our presence in key locations across India's leading cities. We will seek to ensure we celebrate the remarkable legacy of this site with the goal of delivering an outstanding lifestyle for its residents," he added.

Randhir Kapoor of RK Studios said, "This property in Chembur has been of tremendous significance to my family over the many decades that RK Studios has operated from there." 

"We...have chosen Godrej Properties to script a new chapter for this location and build upon its rich history," added Kapoor, the eldest son of late actor Raj Kapoor.

The site is strategically located on the main Sion-Panvel Road and offers an extremely well-developed social and civic infrastructure with multiple schools, hospitals, retail malls, residential, and commercial spaces in close proximity, the realty firm said. Godrej Properties generally ties up with land owners to develop real estate projects, but sometimes it also opts for outright purchase of strategic land parcel, it added.

Follow @News18Movies for more.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results