The studio which was built by Raj Kapoor 70 years ago, is up for sale. Rishi Kapoor confirmed this news in an interview with Mumbai Mirror. The legendary actor’s wife Krishna Raj Kapoor, his sons, Rajiv, Randhir and Rishi and also daughters, Rima Jain and Ritu Nanda collectively took the decision to sell this landmark place. It was difficult for them to hold such a big property of two acres which was burnt in September 16, 2017. "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," Rishi Kapoor told Mumbai Mirror.
While stating this to Mirror, Rishi Kapoor, on the behalf of the family 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…”
2017 September 16th. Gutted by a devastating inferno. Scars shall remain but will build a state of the art studio. pic.twitter.com/MyKKCfhgBr— Rishi Kapoor (@chintskap) September 19, 2017
The other reason behind the sale is that no filmmaker is ready to shoot in R.K studios again. In ‘40s and early ‘50s, the main reason for this studio to be a hit was due to electricity which was supplied to Chembur only and shooting was feasible at nights.
Rishi Kapoor further stated, “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 further added, “True, there are so many wonderful memories, so much film history, but that would be like clutching on to straws in the wind.”
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— Rishi Kapoor (@chintskap) September 16, 2017
When Rishi Kapoor was enquired if son Ranbir would be interested in keeping the heritage, he answered, “If he has the money, let him buy it from us then.But seriously, that’s a silly question. It’s Ranbir’s time to concentrate on his career, Sanju has validated him as a commercially successful actor.” He clarified that there are no timelines for the sale and how difficult it has been for the family to take the decision.