Raj Kapoor’s iconic RK Studio likely to be sold at this price!

Bollywood showman Raj Kapoor’s RK Studio is now ready for sale as Kapoor family jointly took a decision to sell the ancient property situated in Chembur. After the tragic fire took place in the studio, many important assets of the studio got burnt in the fire.

Well, if we see the price at which RK Studio may get sold then it likely to be sold at Rs 500 crore as the rate of the 2-acre plot in Chembur is the same. After all, Chembur incidentally is one of the largest suburbs in eastern Mumbai. As per Quint, a realtor who deals in plot sales in the Chembur area says that a 2-acre plot in a residential area in the suburb could at the current rates fetch around Rs 500 crore to the seller.

Though it is not confirmed by the Kapoor family at which price they are selling the RK Studio, it is very sad for the Indian film industry of losing a place that was once a prime location for shooting.

After the massive fire, Kapoor family thought of renovating the studio but they didn’t find it an economically viable option. Recently, speaking to Mumbai Mirror, Rishi Kapoor, son of late Raj Kapoor said, “The investment in rebuilding the studio would just not have yielded sufficient revenue to keep it going. Believe me, we had to take the larger picture into account and take a level-headed decision. Even before the fire, for years R. K. Studio had become a huge white elephant, toting up losses. The few bookings we would get from films, TV serials and ad shoots would expect free parking space, air-conditioning and discounts.”

(To download our E-paper please click here. The publishers permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal

www.freepressjournal.in