R.K. Studios was established by Raj Kapoor, the father of Rishi Kapoor and Randhir Kapoor. Well, the Kapoors recently sold this historical studio to Godrej Properties. On Friday, officials of the Godrej Properties confirmed the news of buying R.K. Studios.
The iconic studio is located in the Chembur region of Mumbai. It is constructed on a vast land of 2.2 acres. Real estate company Godrej Properties has been noted saying that they have a plan of building a multi-storeyed building and a shopping mall after demolishing the studio. But the company did not disclose the exact amount with which they purchased it.
A previous report published in a leading news website stated that the Kapoor family may sell the R.K. Studios to the Godrej Properties in return of 200 crore. Following that, Rishi Kapoor announced that they are planning to the sell this 70 year old historical studio.
Rishi Kapoor has been noted saying that the Kapoor family initially planned to renovate the studio. But later they decided to sell it off because the cost of renovation and modification would be extremely high. And the investment will not bring enough returns for the family. In spite of being extremely emotional about the studio, they came to such conclusion. He even said that the situation was similar even before the fire accident in the studio. Very few production houses hired the studio for shooting but the cost of maintenance is extremely high.
R.K. Studios was like the connecting bridge between the Kapoor family and the Bollywood film industry. Raj Kapoor established the studio along with R.K. Films in 1948. ‘Aa Ab Laut Chalen’ (1999) is the last film produced under the banner of R.K. Films. After that, no other films have been made under this banner. The studio was only used for the shooting of some television serials and reality shows.