<p>Raj Kapoor's iconic Chembur bungalow has been acquired by the Godrej Properties. Kapoor,&nbsp;considered one of the greatest showmen of Indian cinema, used to reside in the property until his death in 1988. His widow, the late Krishna Raj Kapoor too stayed here until her death in 2018. The move comes four years after Godrej Properties bought the famed RK Studios.&nbsp;</p>

<p>According to reports, the Raj Kapoor bungalow would now be developed as a premium residential project - on the lines of the high-end mixed-use Godrej RKS, which is likely to be delivered this year.</p>

<p>The RK Studios was taken over by Godrej Properties in May 2019, and the Raj Kapoor bungalow is located on the Deonar Farm Road, adjacent to the Tata Institute of Social Sciences (TISS), in Chembur, a north-eastern Mumbai suburb.</p>

<p>"We are grateful to the Kapoor family for entrusting us with this opportunity and pleased to add this iconic project to our portfolio. This project will allow us to further strengthen our presence in Chembur," said Godrej Properties Ltd. Managing Director &amp; CEO Gaurav Pandey on the latest acquisition.</p>

<p>The company has purchased the landmark properties from the Kapoor clan and legal heirs of Raj Kapoor - the legendary actor, producer and director.</p>

<p>"This residential property in Chembur has been of great emotional and historical significance to our family. We are happy to once again associate with Godrej Properties to take forward this rich legacy for the next phase of development of this location," said Bollywood veteran actor Randhir Kapoor.</p>

<p>Randhir Kapoor is the eldest and sole surviving son of Raj Kapoor - with two younger brothers Rishi Kapoor and Rajiv Kapoor passing away in 2020 and 2021 respectively.</p>

<p>Pandey added that the demand for premium developments has been strong for the past few years and the company would aim to build an outstanding residential community that creates long-term value for its residents and celebrate the legacy of the site.</p>

<p>Raj Kapoor had founded the RK Studios on 2.2 acres in Chembur in 1948 and after buying it over, the Godrej RKS said it would develop 33,000 sq. metres of modern residential apartments of various configurations and a luxury retail experience.</p>

<p>Chembur, once reputed as a `gas chamber`, is now a swank residential location with well-developed infrastructure and connectivity to all parts of Mumbai besides the MMRDA region.</p>

<p>(With agency inputs)</p>


Raj Kapoor's iconic Chembur bungalow has been acquired by the Godrej Properties. Kapoor, considered one of the greatest showmen of Indian cinema, used to reside in the property until his death in 1988.

Raj Kapoor's iconic Chembur bungalow has been acquired by the Godrej Properties. Kapoor, considered one of the greatest showmen of Indian cinema, used to reside in the property until his death in 1988. His widow, the late Krishna Raj Kapoor too stayed here until her death in 2018. The move comes four years after Godrej Properties bought the famed RK Studios. According to reports, the Raj Kapoor bungalow would now be developed as a premium residential project - on the lines of the high-end mixed-use Godrej RKS, which is likely to be delivered this year. The RK Studios was taken over by Godrej Properties in May 2019, and the Raj Kapoor bungalow is located on the Deonar Farm Road, adjacent to the Tata Institute of Social Sciences (TISS), in Chembur, a north-eastern Mumbai suburb. "We are grateful to the Kapoor family for entrusting us with this opportunity and pleased to add this iconic project to our portfolio. This project will allow us to further strengthen our presence in Chembur," said Godrej Properties Ltd. Managing Director & CEO Gaurav Pandey on the latest acquisition. The company has purchased the landmark properties from the Kapoor clan and legal heirs of Raj Kapoor - the legendary actor, producer and director. "This residential property in Chembur has been of great emotional and historical significance to our family. We are happy to once again associate with Godrej Properties to take forward this rich legacy for the next phase of development of this location," said Bollywood veteran actor Randhir Kapoor. Randhir Kapoor is the eldest and sole surviving son of Raj Kapoor - with two younger brothers Rishi Kapoor and Rajiv Kapoor passing away in 2020 and 2021 respectively. Pandey added that the demand for premium developments has been strong for the past few years and the company would aim to build an outstanding residential community that creates long-term value for its residents and celebrate the legacy of the site. Raj Kapoor had founded the RK Studios on 2.2 acres in Chembur in 1948 and after buying it over, the Godrej RKS said it would develop 33,000 sq. metres of modern residential apartments of various configurations and a luxury retail experience. Chembur, once reputed as a `gas chamber`, is now a swank residential location with well-developed infrastructure and connectivity to all parts of Mumbai besides the MMRDA region. (With agency inputs)

After RK Studios, now Raj Kapoor's iconic Chembur bungalow in Mumbai gets sold

<p>Realty firm Godrej Properties Friday announced the acquisition of iconic R K Studios' land in Chembur, Mumbai, where it would develop mixed-use project housing luxury flats and retail space.<br />
<br />
Godrej Properties, part of Godrej group, said it has added a new project in Chembur, Mumbai.<br />
<br />
"Spread across 2.2 acres, this project will offer approximately 33,000 square meters (about 0.35 million square feet) of saleable area comprising modern residential apartments of various configurations as well as a luxury retail experience," the company said in a statement.&nbsp;The company did not disclose the deal value.<br />
<br />
Godrej Properties Executive Chairman Pirojsha Godrej said the company has added this iconic site in Chembur to its development portfolio.<br />
"This fits well with our strategy of deepening our presence in key locations across India's leading cities. We will seek to ensure we celebrate the remarkable legacy of this site with the goal of delivering an outstanding lifestyle for its residents," he added.<br />
<br />
Randhir Kapoor of R K Studios said, "This property in Chembur has been of tremendous significance to my family over the many decades that R K Studios has operated from there."<br />
<br />
"We...Have chosen Godrej Properties to script a new chapter for this location and build upon its rich history," said Kapoor, the eldest son of late actor Raj Kapoor.</p>

<p>The site is strategically located on the main Sion-Panvel Road and offers an extremely well developed social and civic infrastructure with multiple schools, hospitals, retail malls, residential, and commercial spaces in close proximity, the realty firm said.<br />
<br />
Godrej Properties generally ties up with land owners to develop real estate projects, but sometimes it also opts for outright purchase of strategic land parcel, it added.&nbsp;</p>


Realty firm Godrej Properties Friday announced the acquisition of iconic R K Studios' land in Chembur, Mumbai, where it would develop mixed-use project housing luxury flats and retail space.

Realty firm Godrej Properties Friday announced the acquisition of iconic R K Studios' land in Chembur, Mumbai, where it would develop mixed-use project housing luxury flats and retail space. Godrej Properties, part of Godrej group, said it has added a new project in Chembur, Mumbai. "Spread across 2.2 acres, this project will offer approximately 33,000 square meters (about 0.35 million square feet) of saleable area comprising modern residential apartments of various configurations as well as a luxury retail experience," the company said in a statement. The company did not disclose the deal value. Godrej Properties Executive Chairman Pirojsha Godrej said the company has added this iconic site in Chembur to its development portfolio. "This fits well with our strategy of deepening our presence in key locations across India's leading cities. We will seek to ensure we celebrate the remarkable legacy of this site with the goal of delivering an outstanding lifestyle for its residents," he added. Randhir Kapoor of R K Studios said, "This property in Chembur has been of tremendous significance to my family over the many decades that R K Studios has operated from there." "We...Have chosen Godrej Properties to script a new chapter for this location and build upon its rich history," said Kapoor, the eldest son of late actor Raj Kapoor. The site is strategically located on the main Sion-Panvel Road and offers an extremely well developed social and civic infrastructure with multiple schools, hospitals, retail malls, residential, and commercial spaces in close proximity, the realty firm said. Godrej Properties generally ties up with land owners to develop real estate projects, but sometimes it also opts for outright purchase of strategic land parcel, it added.

Godrej Properties buys iconic R K Studios land in Mumbai

<p>A few weeks back, the famous RK Studios went up for sale. And on Sunday, the Kapoor family got together for what could possibly be the last Ganesh <em>visarjan</em><em> </em>at the RK Studios in Chembur. Ranbir Kapoor came along with his father Rishi Kapoor and uncles, Randhir and Rajiv and joined the procession that left the studio for immersion ceremony.<br />
<br />
Dressed in a white shirt and blue denim, Ranbir was seen waving at the crowd that had gathered to the catch a glimpse of the stars.&nbsp;</p>

<p><img alt="Randhir, Rishi and Rajiv Kapoor at RK Studios.(Image via Yogen Shah)" data-entity-type="file" data-entity-uuid="edd395f0-1ea1-4835-a340-883148f31ba5" src="/sites/default/files/inline-images/rk1.jpg" /><br />
<img alt="Ranbir Kapoor with uncles Randhir and Rajiv Kapoor during Ganpati visarjan at RK Studios. (Image via Yogen Shah)" data-entity-type="file" data-entity-uuid="0e825c40-3d52-44e4-866b-c8dec3100d26" src="/sites/default/files/inline-images/rk2.jpg" /></p>

<p><img alt="Ranbir Kapoor during Ganpati visarjan at RK Studios in Chembur, Mumbai.(Image via Yogen Shah)" data-entity-type="file" data-entity-uuid="4d5cda6c-59a8-40b9-85ff-0f2fb64ee5ff" src="/sites/default/files/inline-images/rk3.jpg" /></p>

<p><img alt="Ranbir Kapoor during Ganpati visarjan at RK Studios in Chembur, Mumbai.(Image via Yogen Shah)" data-entity-type="file" data-entity-uuid="74a036be-5545-4e1a-a4cb-c49c07ef9367" src="/sites/default/files/inline-images/rk4.jpg" /></p>

<p>The Kapoor family in August confirmed that they had jointly decided to sell the RK Studio, founded by Raj Kapoor.<br />
<br />
&nbsp;</p>

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<p style=" margin:8px 0 0 0; padding:0 4px;"><a href="https://www.instagram.com/p/BoEBAxtDV1_/?utm_source=ig_embed&amp;utm_medium=loading" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_blank">Maube the last ganpati at #rkstudios. #rishikapoor prays as he arrives at the historic studio for #ganpativisarjan @viralbhayani</a></p>

<p style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;">A post shared by <a href="https://www.instagram.com/viralbhayani/?utm_source=ig_embed&amp;utm_medium=loading" style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px;" target="_blank"> Viral Bhayani</a> (@viralbhayani) on <time datetime="2018-09-23T08:59:10+00:00" style=" font-family:Arial,sans-serif; font-size:14px; line-height:17px;">Sep 23, 2018 at 1:59am PDT</time></p>
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<p style=" margin:8px 0 0 0; padding:0 4px;"><a href="https://www.instagram.com/p/BoEAhdGjOKU/?utm_source=ig_embed&amp;utm_medium=loading" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_blank">#ranbirkapoor arrives for #rkstudios ganpati #ganpativisarjan @viralbhayani</a></p>

<p style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;">A post shared by <a href="https://www.instagram.com/viralbhayani/?utm_source=ig_embed&amp;utm_medium=loading" style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px;" target="_blank"> Viral Bhayani</a> (@viralbhayani) on <time datetime="2018-09-23T08:53:56+00:00" style=" font-family:Arial,sans-serif; font-size:14px; line-height:17px;">Sep 23, 2018 at 1:53am PDT</time></p>
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<p>Earlier, RK Studio was gutted in a massive fire in 2017. Rishi had told a tabloid that the decision to sell the property had been taken collectively. “For a while, we did juggle with the idea of renovating the place with state-of-the-art technology. However, in reality, it isn’t always possible for a phoenix to rise from the ashes. We Kapoors are very emotional lot but then… 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 RK 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,” he told the daily.<br />
<br />
RK Studio had been celebrating Ganesh Chaturthi for many years. Each year, the three brothers would be seen taking part in the procession during immersion. This year, prior to the festival, Randhir Kapoor <a href="http://www.wionews.com/entertainment/randhir-kapoor-confirms-this-to-be-the-last-ganesh-utsav-for-rk-studios-165572">had stated that it would be last Ganesh Chaturthi in the studio</a></p>


A few weeks back, the famous RK Studios went up for sale. And on Sunday, the Kapoor family got together for what could possibly be the last Ganesh visarjan at the RK Studios in Chembur.

A few weeks back, the famous RK Studios went up for sale. And on Sunday, the Kapoor family got together for what could possibly be the last Ganesh visarjan at the RK Studios in Chembur. Ranbir Kapoor came along with his father Rishi Kapoor and uncles, Randhir and Rajiv and joined the procession that left the studio for immersion ceremony. Dressed in a white shirt and blue denim, Ranbir was seen waving at the crowd that had gathered to the catch a glimpse of the stars. The Kapoor family in August confirmed that they had jointly decided to sell the RK Studio, founded by Raj Kapoor. View this post on Instagram Maube the last ganpati at #rkstudios. #rishikapoor prays as he arrives at the historic studio for #ganpativisarjan @viralbhayani A post shared by Viral Bhayani (@viralbhayani) on Sep 23, 2018 at 1:59am PDT × View this post on Instagram #ranbirkapoor arrives for #rkstudios ganpati #ganpativisarjan @viralbhayani A post shared by Viral Bhayani (@viralbhayani) on Sep 23, 2018 at 1:53am PDT × Earlier, RK Studio was gutted in a massive fire in 2017. Rishi had told a tabloid that the decision to sell the property had been taken collectively. “For a while, we did juggle with the idea of renovating the place with state-of-the-art technology. However, in reality, it isn’t always possible for a phoenix to rise from the ashes. We Kapoors are very emotional lot but then… 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 RK 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,” he told the daily. RK Studio had been celebrating Ganesh Chaturthi for many years. Each year, the three brothers would be seen taking part in the procession during immersion. This year, prior to the festival, Randhir Kapoor had stated that it would be last Ganesh Chaturthi in the studio

Ranbir and Rishi Kapoor join for Ganesh visarjan as RK Studio celebrates the festival one last time

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After RK Studios, now Raj Kapoor's iconic Chembur bungalow in Mumbai gets sold

Godrej Properties buys iconic R K Studios land in Mumbai

Ranbir and Rishi Kapoor join for Ganesh visarjan as RK Studio celebrates the festival one last time