RK Studio to be sold to Godrej Properties for a whopping amount?

Mumbai’s iconic R.K. studios is up for sale and might be bagged by one of the oldest business families of the city. R.K. Studios, that was set up in Chembur, was the headquarters of Raj Kapoor’s production company R.K. Films. It was a hub of activity where the majority of his films were shot. In an interview, Rishi Kapoor had told Mumbai Mirror that the family has collectively decided to sell the R.K. Studio as it was no longer economically viable to rebuild after severe damage from a fire a year ago.

Now, as per a DNA report, the owners of the iconic R.K. Studio are in talks with Godrej Properties Ltd. for the sale of the iconic studio. The Kapoors have asked for Rs. 250 crore for the property but as per other builders, the property is likely to fetch around ₹150 crore.

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Sources reported to DNA that a public notice was issued by a legal firm on Friday on behalf of siblings Randhir, Rishi, Rajiv, Ritu Nanda and Rima Jain announcing that the title of the property was being investigated. The notice that is published in leading newspapers specifies investigation into respective 1/5th undivided shares, right, title and interest in the property of all five Kapoor siblings. It also asks if any person holds any right or claim to the property should contact the legal firm with documentary evidence within 14 days.

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Sources further added that negotiations with Godrej Properties are in the final stages and after an investigation of ownership rights of the Kapoor siblings, the property shall be registered.

Actor and director Randhir Kapoor, without revealing any details told DNA, that his family is negotiating the deal with three to four people, and the process will be finalized within a month.

In an email response, a Godrej Properties spokesperson said, “As a matter of company policy, we do not comment on market speculation.”

If rumours do come true, then the premium RK Studio property measuring 9,018.85 sq mt is all set to be turned into a residential complex.

We shall soon update you with more on this subject.

Also Read: RK Studio’s Ganesh Visarjan 2018: Ranbir Kapoor, Rishi Kapoor follow the tradition for one last time