Iconic Famous Studios in Mumbai Set for Conversion into a Luxury Residential Tower
The Mumbai skyline is poised for another dramatic shift. K Raheja Corp Real Estate has finalized plans to redevelop the historic Famous Studios in Mahalaxmi into a soaring 69-story residential tower. This project signals a continued trend of upscale living reshaping one of Mumbai’s most recognizable areas.
For decades,famous Studios has been a cornerstone of the Indian film industry. However, the changing landscape of Mumbai, coupled with the demand for premium real estate, has led to this significant decision. Demolition is anticipated before the end of the year, joining Filmistan Studio in Goregaon as another iconic film address making way for luxury development.
What You Need to Know About the Redevelopment:
Developer: K Raheja Corp Real Estate
Location: Mahalaxmi,mumbai (70,000 sq ft plot)
Height: 69 floors
Residential Focus: Primarily 3- and 4-BHK luxury apartments,starting on the ninth floor.
Views: Sweeping panoramas of the Arabian Sea and Mahalaxmi Race Course. Built-up Area: 4.3 lakh sq ft, with the vast majority dedicated to residential space.* Connectivity: Potential direct vestibule link to the nearby Science Museum Metro Station.
This isn’t K Raheja Corp’s first foray into luxury residential development in Mahalaxmi. Following the success of Vivarea and Modern Vivarea, this project further cements their commitment to the area and it’s transformation into a high-end residential hotspot.
A Shift Towards Upscale Living
The project’s design reflects a clear emphasis on luxury.While designated as mixed-use,the commercial component will be minimal. You can expect a residence designed for discerning homeowners seeking both space and breathtaking views.
Furthermore,the developers are proactively addressing connectivity. Feasibility studies are underway to create a direct link to the Science Museum Metro Station, enhancing convenience for future residents. This forward-thinking approach demonstrates a commitment to integrating the new tower seamlessly into Mumbai’s existing infrastructure.
The Legacy of Famous Studios
The loss of Famous Studios marks the end of an era. For nearly 80 years, it served as a vibrant hub for cinematic creativity. while the physical studio will be gone, its legacy will undoubtedly live on through the countless films and memories created within its walls.The studio’s history will be preserved in archives, ensuring its contribution to Indian cinema isn’t forgotten.
what Does This Mean for Mumbai?
This redevelopment is part of a larger trend. Mumbai’s skyline is constantly evolving, driven by the demand for modern, luxury living. As prime land becomes increasingly scarce,we can expect to see more iconic locations repurposed to meet the needs of a growing and affluent population.Ultimately, the transformation of Famous studios represents a significant moment in Mumbai’s urban development. It’s a testament to the city’s dynamism and its ability to adapt while concurrently acknowledging the bittersweet loss of a cherished landmark.
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