India, Dec. 30 -- Bollywood's real estate landscape underwent a significant shift in 2025, as several iconic film studios began giving way to luxury housing projects, marking the end of an era for some of Mumbai's most storied creative spaces. Among them is Goregaon's historic Filmistan Studio, founded by actor Kajol's grandfather and once a powerhouse of Hindi cinema. Filmistan produced landmark films in the 1940s and 1950s, including Shaheed (1948), Shabnam (1949), Sargam (1950), Anarkali (1953) and Nagin (1954), as well as celebrated titles such as Jagriti (1954), Munimji (1955), Tumsa Nahin Dekha (1957) and Paying Guest (1957).

Another chapter of cinematic history closed at Mahalaxmi's Famous Studios. Established in 1946 and known fo...