Kapoor family is selling the iconic RK Studios, Rishi Kapoor confirms.

Raj Kapoor's RK Studios is soon going up
for sale after it was gutted in a massive fire
last year. According to a report in Mumbai
Mirror, the family took the decision to sell
the property collectively.
Actor Rishi Kapoor said the family arrived
on the decision after learning that the
renovation of the studio would still not
bring in enough revenue to keep the
establishment running. "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... 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, he told the daily.
#Update Fire at RK Studio: Fire broke out at
the sets of TV show 'Super Dancer'. There
was no crew at the set, today being
Saturday #Mumbai pic.twitter.com/
eujSGG1DgE
ANI (@ANI) September 16, 2017
A portion of the Kapoor family's iconic RK
Films And Studios caught fire in September
2017. "A studio can be built again but the
loss of the irreplaceable memorabilia and
costumes of all RK Films, is tragic for all. Fire
took it away, tweeted Rishi, son of the
studio's founder, the legendary Raj Kapoor.
The blaze gutted one of the main shooting
venues -- the set of dance reality TV show
Super Dancer Season 2, but the shooting
was not underway. RK Films has produced
films such as Barsaat (1949), Awaara
(1951), Boot Polish (1954), Shri 420 (1955)
and Jaagte Raho (1956).
The studio was the venue for movies like Jis
Desh Me Ganga Behti Hain (1960), Mera
Naam Joker (1970), Bobby (1973), the
debut film for Rishi Kapoor and Dimple
Kapadia, Satyam Shivam Sundaram (1978),
Prem Rog (1982), Ram Teri Ganga Maili
(1985), which was Raj Kapoor's last film
before his death in June 1988.

https://m.hindustantimes.com/bollywood/kapoor-family-is-selling-the-iconic-rk-studios-rishi-kapoor-confirms/story-ISgJLcZDp1iuZ6jtYv2LOO.html.

Looks like an attempt to evade property tax 🤣

Originally posted by: Samaina12

Looks like an attempt to evade property tax 🤣

Originally posted by: hantel

Upar se insurance ke paise bhi mil gaye Krishnaraj ko renovate karne ke liye. 😆

Originally posted by: hantel

Upar se insurance ke paise bhi mil gaye Krishnaraj ko renovate karne ke liye. 😆

haina. I have a doubt about the fire at rk studios beinv non accidental😆

Originally posted by: rogerrocks

Smart decision IMO. Made the most of the situation 😆

Originally posted by: hantel

But the illusion they had created in last 9-10 years that they own a studio (Though no one was renting), they are rich, Nitu doesn't have to earn from ribbon cutting, shaadi attending, or leeching onto tycoons' wives or the Nandas or Jains will end here.

Originally posted by: rogerrocks

I have a plot twist. They should get Alia to buy the studio with the help of KJo and gift it to Neetu on Mother's Day. So they all are heart-broken that they have to let go of the studio. In walks the to be Kapoor bahu with the papers to save khandan ki izzat and keeps it on the pooja thali. Alia chooses, KJo disposes, Ranbir proposes, PR exposes 🤪

I guess SRK will be interested in buying it.