Filmistan Pvt to be acquired by Arkade Developers
Real estate firm Arkade Developers has signed a binding agreement to acquire Filmistan Pvt Ltd. The firm Filmistan owns Filmistan Studio in Mumbai's Gorgeous suburbs. This deal is estimated to be closed for Rs 183 crore.
Arkade developer plans to transform the iconic studio location into a luxury residential project, with a Gross Development Value (GDV) of Rs 3,000 crore.
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