Last year, Randhir Kapoor had revealed that the Kapoors had decided to sell off the iconic RK Studios after the studio was ravaged by a massive fire. While the Kapoors had kept the name of the new owner under the wraps, it was finally revealed yesterday that the iconic studio was sold off to Godrej Properties.
The realty major will be using this 2.2 acre for their mixed-use project. In an official statement, they wrote, "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."
Meanwhile, while speaking with Times Of India, Randhir Kapoor recently opened up about selling off the studios.
The Decision Was Taken Long Back
Randhir told TOI, "We sold the property about six-seven months ago. It was a decision that we had taken and it was only a matter of time before we would execute things."
It Was Becoming Difficult To Manage The Studios
The veteran actor further revealed, "It was becoming difficult to manage it, although we did everything for its upkeep. The fire in 2017 gutted down everything of importance there, and from that point onwards, it became harder."
It Was The Need Of The Hour
"My father believed in moving on with time; he always said that the show must go on, come what may. That is exactly what we did when it came to RK Studios. We all have an emotional attachment with what our father had built for us, but this was the need of the hour."
The Property Is In Good Hands
"The property was in good hands in the past and it continues to be in good hands even now. My best wishes are with the new owners. I hope they will respect the legacy of the land that they have bought from us."