Shares of Arkade Developers rose 4.5% on July 3 after the real estate firm acquired Filmistan Pvt Ltd for a total outlay of Rs 183 crore.

This acquisition will enable Arkade Developers to develop the iconic 4-acre land parcel situated on SV Road in Goregaon West, popularly known as ‘Filmistan Studios’.

Scheduled for a tentative launch in CY2026 the planned uber-luxury residential development will feature spacious 3, 4, and 5 BHK residences along with exclusive penthouses, across two striking high-rise towers of 50 storeys each, the firm said in a stock exchange filing. With a projected Gross Development Value (GDV) of Rs 3,000 crore, the project is poised to become a landmark in premium housing in Western Mumbai, it added.

At 1:30 pm on July 3, Arkade Developers shares on BSE were trading 4.5% higher at Rs 197 apiece.

"Goregaon has rapidly transformed into one of Mumbai’s most promising and strategically positioned residential corridors. With its exceptional connectivity, including proximity to the Western Express Highway, metro lines, and key arterial roads, the suburb offers seamless access to major commercial hubs such as Mindspace, BKC, Goregoan, Andheri, etc. Beyond connectivity, Goregaon boasts a robust social infrastructure, featuring renowned schools, hospitals, shopping malls, entertainment centres, and expansive green pockets like Aarey Forest. As the suburb continues to evolve with premium developments and infrastructure upgrades, it is poised to deliver strong capital appreciation and rental demand, making it an attractive proposition for both end-users and forward-looking investors," said Arkade Developers.

Amit Jain, Chairman and Managing Director, Arkade Developers Limited, commented: "Filmistan Studios holds immense emotional and legacy significance for Mumbai, and we are privileged to be entrusted with shaping its next chapter. This development will go beyond being a premium address, and it will offer a thoughtfully curated lifestyle experience for a discerning few. At Arkade Developers, we are not just creating homes; we are crafting a legacy that reflects the dynamic aspirations of our ever-evolving city. Our track record across MMR stands as a testament to our commitment to quality, timely delivery, and design excellence. With a focused strategy across the western suburbs, we are actively expanding our footprint in this region with a couple of launches planned in early 2026. The upcoming transformation of the iconic Filmistan Studios will be a pivotal moment in our journey, foraying our position in the uber-luxury segment and reaffirming our promise to deliver spaces that are both timeless and transformative.”

The market capitalisation of the stock is Rs 3,666 crore.