Curtain Call for a Legend: Filmistan Studios Bows Out with a Cinematic Goodbye

A piece of Bollywood’s golden era is making way for Mumbai’s vertical future. The iconic Filmistan Studios, founded in 1943 and once home to classics like Tumsa Nahin Dekha and Jagriti, has been sold to Arkade Developers for ₹183 crore. The 4-acre Goregaon West property will be transformed into two 50-storey luxury towers by 2026, marking the end of an era for one of India’s most storied film sets.

 

Key Highlights:

 

- Historic Legacy
 

- Founded by Sasadhar Mukherjee and Ashok Kumar after a split from Bombay Talkies
 

- Produced cinematic gems and launched legends like SD Burman and Madan Mohan
 

- Hosted iconic sets including temples, jails, and village backdrops for decades

 

- The Deal & Development
 

- Arkade Developers to build ultra-luxury 3, 4, and 5 BHK apartments and penthouses
 

- Projected Gross Development Value (GDV): ₹3,000 crore
 

- No regulatory hurdles; deal expected to close within a month

 

- Emotional Farewell
 

- Locals and film historians recall the studio’s once-bustling floors now eerily silent
 

- Filmistan becomes the third major studio—after RK and Kamalistan—to be redeveloped

 

- Cultural Reflection
 

- The sale underscores the tension between preserving cinematic heritage and Mumbai’s real estate boom
 

- A final glimpse through a neighbor’s window revealed the abandoned temple set—dusty, cracked, but still unmistakably Filmistan

 

As the gates close for good, Filmistan’s legacy lives on—not in lights and cameras, but in memories and milestones.

 

Source: NDTV, Film Information, News18