RK Studios to bow out for residential, shopping complex

The show will no longer go on at the iconic 71-year- old RK Studios. It will now make way for a swank residential complex-cum-shopping plaza through its new owner, realty major Godrej Properties Ltd., an official said here on Friday. The GPL has purchased the 2.20 acres, RK Studios premises in Chembur, north-east Mumbai -- founded in 1948 -- which were gutted in a major fire that engulfed it on September 16, 2017. GPL, which has inked the deal for an undisclosed amount with the Bollywood's Kapoor clan -- plan to now convert it into a modern residential apartments complex and a luxury retail centre.