Movies

Famous studios to make way for high-end residential property

MUMBAI: Well-known Famous Studios based bang opposite the Mahalaxmi racecourse will soon go in for a joint redevelopment with the Ajay Piramal-led Piramal Realty entering into a deal with Arun Roongta, the owner of Famous Studios.


The builder can develop around one lakh sq ft space on this plot. However, the final development potential will depend on approvals from civic authority. The transaction for the prime property spread over around one and a half acre is expected to be worth around Rs 3.50 billion.


The deal will have Piramal Realty and the owner of the studio jointly develop a high-end residential property overlooking the racecourse for which the developer has offered to pay around Rs 8 billion upfront, it has been reported by a leading financial daily. The realty firm has also offered nearly 40 per cent share in the project revenue to the landlord.


Famous Studios was set up in 1946 and has as many as ten floors that were rented out for shooting purposes. Currently, it has only eight with the other two being used for post-production purposes. It also has a preview theatre, and around 10 to 15 offices of production houses.


Around two years ago, DB Realty had initiated talks with Roongta for the property but the talks fizzled out owing to the structure of the proposed transaction then.


Since its launch, Famous studios has made an invaluable contribution to the sphere of films, ad films and TV shows.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/30/Untitled-1_24.jpg?itok=WSorfpfD
Tu Hai Mera Sunday to premiere at London Film Fest

Milind Dhaimade's directorial debut feature Tu Hai Mera Sunday (You Are My Sunday!) will have its world premiere at the 60th British Film Institute’s London Film Festival in the `Love’ section on 15 and 16 October 2016.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/26/Untitled-1_15_0.jpg?itok=4UdfBLn6
Inauspicious period for films

The tradition was that no films released during ‘shraaddh’ as it was considered inauspicious. The exhibitors, in such an event, had to feed the cinema halls with either repeat run of old hits or dubbed films from southern India. The tradition has been shelved in the new scheme of things.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/26/sid_0.jpg?itok=QZxP0LRK
Siddharth Roy Kapur elected Film and TV Guild president

MD and CEO of Disney India Siddharth Roy Kapur has been unanimously elected as the president of the Film & Television Producers Guild of India Ltd. at the first meeting of its newly-constituted Guild Council of Management.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/26/Untitled-1.jpg?itok=ycVNpOS_
Deloitte: Indian film industry to touch Rs 23,800 crore by 2020

Can the Indian film industry come up to scale and rival the US and Canadian box offices? Yes, it can. The potential is huge, says a new report on the Indian cinema industry released by Deloitte Touche Tohmatsu India at the Indywood Film Carnival taking place during 24-27 September in Ramoji Film...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/23/Untitled-1_15.jpg?itok=OydbLoDs
Banjo...Out of sync

Banjo is a musical love story of a young man with a mastery over the stringed instrument. The banjo is said to have its origin in Africa. The instrument is seen to be more popular during festivals in India.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/23/Untitled-1_31.jpg?itok=tNwD2dE-
Parched...Dry run at box office

Leena Yadav’s Parched debuted at the Toronto International Film Festival in 2015. Ever since, it has been on the festival circuit extensively till its theatrical release this week.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/23/Untitled-1_16.jpg?itok=k0AywEln
'Visanarai' to represent India at Oscars

The Tamil film ‘Visanarai’ (Interrogation) will represent India at the American Academy of Motion Pictures (Oscars) awards next year. This was announced by the selection committee set up by the Film Federation of India in Hyderabad.

Movies Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/19/dayes-of-tafree_0.jpg?itok=FRqPkA1p
'Days of Tafree' twists 'Chello Divas'

MUMBAI: Gujarati blockbuster Chhello Divas will hit cinemas across the country as Days of Tafree - In Class; Out of Class. The movie is produced by Anand Pandit Motion Pictures and Rashmi Sharma Films and will release it on 23 September.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/19/pink.jpg?itok=gwjjRsJm
Pink: Neither strategy nor reviews helped

Pink, with Shoojit Sircar as the force behind the film, was much hyped. The film also enjoyed a great deal of media and critics support. However, all this hype did not help the film as the response on the opening day remained tepid with a business of about Rs 4.2 crore.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories