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The iconic R.K. Studios set in the eastern suburbs of Mumbai, Chembur is up for sale. The Studios was built by the late filmmaker-actor Raj Kapoor, the scion of the Kapoor family. Actress Kareena Kapoor Khan, her father Randhir Kapoor and uncle Rishi Kapoor have spoken about this huge "emotional loss". R.K. Studios was gutted in fire on September 16, 2017, which burnt the living memories of the late Raj Kapoor and films made under that banner. Talking about the Studios's sale, Rishi Kapoor spoke to Mumbai Mirror about the strength they had to gather before taking this descision of letting go of their memories. "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 Studios 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. Studios 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 paR.K.ing space, air-conditioning and discounts," told Rishi Kapoor to the publication. The report also states that the main reason behind selling the Studios is that it is located in Chembur and no longer favoured by the filmmakers, who mostly build their sets at Studios in Andheri and Goregaon's Film City. Films like Awara, Mera Naam Joker, Aa Ab Laut Chalein, Henna, Bobby, Boot Polish and many other films have been shot at the iconic R.K. Studios.