Mahalaxmi’s Famous Studios to be razed for plush 69-storey tower
After Goregaon’s Iconic Filmistan Studios, now it’s the turn of the most popular film hub, the Mahalaxmi Studios to go into oblivion.
The 79-year-old Famous Studios nestled in Mahalaxmi was a beacon for the city’s ecosystem.
Now it’s learned that it will be making space
for a 69-Storey luxury tower marking the end of an era. The studio housed top filmmakers like FC Mehra OP Ralhan
Brij Sadanah NN Sippy Surendra Kapoor (Anil Kapoor’s father) music composer Shankar of Shankar-Jaikishen fame and few others.
The 1943 JB Roongta founded studio has been a segment of Bollywood’s history for nearly eight decades, offering state-of-the-art facilities for shoots sound recording, and post-production. From iconic films to ad shoots, countless projects passed through its gates, making it a beacon for the city’s creative ecosystem. Ironically curtains are eventually going to be razed.
Reports suggest that the landowners themselves will be sealing the deal and currently quite keen on partnering with
K Raheja Corp Real Estate. It has been learnt that they have finalized plans to redevelop the 70,000 sq ft plot into a high-rise residential tower. As per layouts submitted to the Brihanmumbai Municipal Corporation, the new project will rise 69 floors above Mahalaxmi, with apartments commencing from the ninth floor. Designed as plush 3- and 4-BHK homes, each residence will offer sweeping views of the Arabian Sea and Mahalaxmi Race Course.
It is further learned that the commercial component of the project will be minimal, with the majority of the 4.3 lakh sq ft of built-up area reserved for luxury homes. A mixed-use tag aside, the emphasis is clear—Mahalaxmi’s evolving skyline is leaning heavily toward upscale living.
Noteworthily, the redevelopment plan also takes into account connectivity with the Mumbai Metro. The upcoming tower is expected to fall within 500 metres of the Science Museum Metro Station, and feasibility studies are already exploring a direct vestibule link between the two.
If this deal is sealed, for K Raheja Corp, this will etch their third major residential project in Mahalaxmi after Vivarea and Modern Vivarea, further establishing the area’s transformation into a high-end residential hotspot.
The demolition of Famous Studios is expected to begin by the end of the year, likely before Christmas The move comes on the heels of similar redevelopments, including Goregaon’s Filmistan Studio, which is also being replaced by luxury towers.
With nearly 80 years of cinematic legacy behind it, the studio will now soon be confined to memories and archives as it gears up to join the long list of Mumbai’s iconic film addresses lost to the city’s ever-rising skyline.
News Edit KV Raman
