The Bollywood is heartbroken with the story of the sale of the famous RK Studios. The film studios started by Late actor Raj Kapoor is put up for sale, considering the loss that is has been facing for some years now. There were many popular films shot in this iconic studio led by the Kapoors and only memories are left. Now that it is up for sale, there are speculations about the money that the Kapoor khandan will get in return for it.

According to the report in The Quint, the property that is in Chembur will fetch about Rs 500 crore. A local realtor in Chembur estimated this cost of the 2-acre plot that the studio is erected on.

The studio was recently in news for a massive fire that broke, damaging it in a huge way. However, the cost of renovating the whole studio was quite expensive in relation to the revenue it makes through the current small shoots. Hence, the family took this painful decision to sell it.

Recently, Raj Kapoor’s son and actor Rishi Kapoor told Mumbai Mirror, “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.” Rishi Kapoor INSULTS a Fan Who Praised Him for His Performance in Mulk

Many filmmakers like Raj Kapoor himself, Manmohan Desai, Prakash Mehra and Hrishikesh Mukherjee shot their films in RK studio. Barsaat, Awaara, Shri 420, Jis Desh Mein Ganga Behti Hai, Mera Naam Joker, Bobby, Satyam Shivam Sundaram, Ram Teri Ganga Maili, were some of the popular films, under RK Films banner, shot in the studio. The last one was Aishwarya Rai Bachchan- Akshaye Khanna starrer‘Aa Ab Laut Chale.

(The above story first appeared on LatestLY on Aug 29, 2018 12:32 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).