RK Studios has a new owner in Godrej Properties, deal value likely to be around Rs 190 crore

The iconic RK Films & Studios, where genre-defining Hindi films such as Awaara, Shri 420, and Mera Naam Joker were made, is set to get a new owner in Godrej Properties.

The real estate development arm of Godrej Group is buying the 2.2-acre land parcel in Chembur, said three persons with direct knowledge of the development.

“The developer has already paid the token advance for the proposed transaction valued between Rs 170 crore and Rs 190 crore.