Mumbai’s iconic Filmistan Studios, founded by Kajol and Rani Mukerji’s grandfather, sold for Rs 183 crore; to be redeveloped into luxury towers by 2026

Filmistan Studios, one of Mumbai’s earliest and most storied film studios, has officially been acquired by Arkade Developers for Rs 183 crore. The deal was registered on July 3 and marks the end of an era for a property that played a foundational role in shaping the landscape of Indian cinema since the 1940s.