RMZ's Nexus Office Park to reshape the area near Powai

The Kamalistan Film Studio land is being turned into a large commercial office park, a notable change for Mumbai's property scene. The 25-acre site on the Jogeshwari-Vikhroli Link Road (JVLR) will host the Nexus Office Park, expected to grow into a major business address in the city.

Scale of the project

Nexus Office Park is planned to provide roughly 7 million sq. ft of commercial space, enough for about 1.25 lakh workstations. A project of this size could change how Mumbai's office market looks, and it reflects rising demand for modern workspace from many industries.

Value and who is behind it

The development carries a value of around $3 billion (21,000 crores). RMZ Corp and DB Realty are partners in it, and of the economic interest, 55% sits with RMZ Corp while the remaining 45% stays with DB Realty. Both firms are clearly betting that the redevelopment will draw businesses and investors, and the split shows how closely the two companies are tied to the outcome.

A studio with history

Kamalistan Studios was set up by the filmmaker Kamal Amrohi and has stood as a cultural landmark for more than six decades. Replacing it with offices marks a turn towards commercial use, and it also joins Mumbai's film heritage with its growing corporate identity. Construction is due to start by the end of 2024, and the plan includes modern facilities for sectors such as technology and finance.

Location and transport

The site is well placed for travel. MIDC Metro Station on Mumbai Metro Line 7A is close, giving easy access to other parts of the city. Firms looking for an established base in a well-linked area may find that attractive.

Local market numbers

Listing data on this portal shows 32 active sale listings in Jogeshwari, and the median asking price is roughly ₹31,600 per sq ft carpet. That points to a competitive market, and the arrival of Nexus Office Park could influence it further.

What it means for residents and tenants nearby

For buyers, tenants and investors, the office park suggests a locality that is changing fast to serve modern business. Those looking at resale flats or rentals around Jogeshwari and the Powai side may find that employment on their doorstep and the Metro link add to the appeal of the area. It is sensible to watch how asking rates and rents respond as construction advances.