The legendary landmark, RK Studios, which was made and owned by Raj Kapoor is now up for sale. While a lot of people saw this coming, some are shocked with the decision. The seventy-year-old studio, parts of which also succumbed to fire last year, will be sold soon. Krishna Raj Kapoor, the sons and daughters of the house, collectively came up with the decision to go ahead with this since it's not practical clinging on to the part of land, which is more of a legacy. In a chat with Mumbai Mirror, Rishi Kapoor confirmed the news and opened up about why they came up with the decision.

He said, "For a while, we did juggle with the idea of renovating the place with state-of-the-art technology. However, in reality it isn’t always possible for a phoenix to rise from the ashes. We Kapoors are very emotional lot but then…" he lapsed into silence, as quoted by the daily. He then added, "The investment in rebuilding the studio would just not have yielded sufficient revenue to keep it going. Believe me, we had to take the larger picture into account and take a level-headed decision. Even before the fire, for years R. K. Studio had become a huge white elephant, toting up losses. The few bookings we would get from films, TV serials and ad shoots would expect free parking space, air-conditioning and discounts."

The actor also said that since filmmakers prefer Andheri or Goregaon's Film City more, it makes no sense to keep the show running in Chembur. A lot of iconic songs and sequences have been shot at RK Studios. Be it Rishi's Ram Teri Ganga Maili or Raj Kapoor's Awara, the studio holds a lot of precious memories of Indian cinema. Talking about how the brothers managed to come to this decision, he said, "We brothers are strongly bonded. But who knows about our children and grand-children? What if differences crop up in the next generation? The studio would only end up in litigation as so many industrial and textile estates have. There would be family differences and only lawyers would end up charging heavy sums of fee. Do you think my father would have liked to see his labour of love becoming the subject of courtroom proceedings?"

He concluded, "We had to place a stone on our hearts. Chhati pe patthar rakkhar, soch samajh kar decision liya hai." This is definitely sad to read but well, what has to be done has to be done. What are your thoughts on this? Tell us in the comments below and stay tuned with us for more.

(The above story first appeared on LatestLY on Aug 26, 2018 12:54 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).