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Blockbuster Deal: Arkade Buys Filmistan, Scripts ₹3,000 Crore Luxury Story

Updated: July 03, 2025 13:41

Image Source: Justdial
The shares of Arkade Developers Ltd went nearly 6% intraday to close 4.51% higher at ₹196.95, after the company announced a binding term sheet to acquire Filmistan Pvt Ltd for approximately ₹183 crore. The transaction includes the landmark 4-acre land parcel of Filmistan Studios on SV Road, Goregaon West, Mumbai.
 
The group intends to redevelop the property into a super-premium residential complex with two 50-floor towers with large 3, 4, and 5 BHK apartments and penthouses. The project will yield an expected Gross Development Value (GDV) of ₹3,000 crore, further solidifying Arkade's place in the top-end housing market in Mumbai.
 
Deal Highlights
  • Target of Acquisition: Filmistan Pvt Ltd
  • Deal Value: ₹183 crore
  • Location: Goregaon West, Mumbai
  • Launch of Project: CY2026
  • Expected GDV: ₹3,000 crore
Market Reaction
  • Stock Movement: Up 5.96% intra-day; closed 4.51% higher
  • Investor Sentiment: Bullish on Arkade's strategic growth and luxury positioning
Strategic Significance
  • Goregaon West enjoys better connectivity along Western Express Highway, metro rails, and arterial roads.
  • Proximity to commercial pockets like BKC, Andheri, and Mindspace makes the project attractive.
  • Arkade's performance includes 31 completed projects and over 5.5 million sq. ft. developed.
Sources: Business Standard, Moneycontrol, Zerodha, Tickertape

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