The redevelopment of Kamalistan Film Studio into Mumbai's largest commercial office park is a landmark development in the city's real estate and commercial infrastructure. Located on the Jogeshwari-Vikhroli Link Road (JVLR), this iconic 25-acre property will now host the Nexus Office Park, a world-class business destination designed to accommodate approximately 7 million sq. ft of commercial space.
Key Highlights:
- Massive Development: Nexus is set to provide around 1.25 lakh workstations, becoming a central hub for business operations in Mumbai. This project is expected to redefine the commercial landscape in the city.
- Valuation and Partnership: Valued at approximately $3 billion (21,000 crores), the project will be developed in partnership between DB Realty and RMZ Corp. RMZ Corp holds a 55% economic interest, with the remaining 45% held by DB Realty.
- History and Legacy: Kamalistan Studios, founded by the legendary filmmaker Kamal Amrohi, has been a cultural landmark for over six decades. Films like Pakeezah and Razia Sultan were produced here. This transition symbolizes the blending of Mumbai’s cinematic history with its burgeoning corporate identity.
- Timeline and Features: Construction is set to commence by the end of 2024, with completion expected within the next few years. The park will feature advanced amenities, offering a futuristic workspace for industries ranging from technology to finance.
- Connectivity and Infrastructure:
- Proximity to the MIDC Metro Station: The project enjoys excellent connectivity, with the MIDC metro station on Mumbai Metro Line 7A situated nearby, ensuring seamless access to various parts of the city. This connectivity will make the office park highly attractive to businesses and employees alike.
- Powai’s Established Micro-CBD: The success of L&T’s extensive infrastructure development in Powai, which serves its own group companies and supports a thriving ecosystem of commercial and residential properties, further enhances the region's appeal. Powai has become a prominent micro-CBD, offering a balanced mix of workspaces and upscale residential complexes, setting a precedent for Nexus to emulate and build upon.
Broader Implications:
The Nexus Office Park adds to the ongoing urban transformation along JVLR, boosting connectivity and commercial activity in the area. With its strategic location, robust infrastructure, and proximity to established hubs like Powai, the project will attract global corporations and investors, further solidifying Mumbai’s position as a premier business destination.