LFW 2018: Kareena Kapoor Khan sparkles on the ramp at Lakme Fashion Week Winter Festive 2018 Grand Finale
LFW 2018: Kareena Kapoor Khan sparkles on the ramp at Lakme Fashion Week Winter Festive 2018 Grand FinaleInstagram

RK Studio, home to many cinema artists and one of Raj Kapoor's biggest legacy, will soon be sold. Ever since the infamous fire broke out at the Chembur property, the Kapoor family had been considering to sell it.

RK Films has produced a lot of iconic Bollywood films like 'Awaara', 'Shri 420', 'Barsaat' and 'Jaagte Raho' among others.

In a recent interview, Rishi Kapoor revealed that it had become economically unviable to keep up with the renovations of the RK Studio, especially since the fire broke out last September. The fire burnt the main shooting venues of the studio, he said.

RK Studio
RK StudioPhoto credit should read INDRANIL MUKHERJEE/AFP/Getty Images

Recent reports claim that the two-acre plot may fetch the family about Rs 500 crore and the profit, once acquired, will be shared among the members of the Kapoor family.

Claiming that the loss is more emotional than monetary, veteran actor Randhir Kapoor, the eldest son of Raj Kapoor, said, "The primary reason for selling off the studio is that there's a lot of traffic on the roads these days, no actor prefers to come to shoot to Chembur, where the studio is located." He further added that his family is visibly shaken by the inevitable decision.

RK Studio
RK StudioPhoto credit should read INDRANIL MUKHERJEE/AFP/Getty Images

His daughter Kareena Kapoor Khan, broke her silence and said that she's overwhelmed by her fond memories of the studio, built by her late grandfather Raj Kapoor. Kareena said, "I think it's probably something that the family has decided, so it's up to my father, his brothers and basically up to them. If that's what they have decided, so be it."

She added, "I don't know how far, what is actually happening. I have been quite under the weather and haven't even met my father in the last four or five days. But, of course, we have all grown up walking around those corridors."

RK Studio
RK StudioPhoto credit should read INDRANIL MUKHERJEE/AFP/Getty Images

The RK Studio, the headquarters of the film production company R.K. Films, was founded and named after the great showman Raj Kapoor.