In his statement given to Mumbai Mirror, Rishi said that it has been a very tough decision for him and his siblings as there are so many memories associated with the studio and their father.
"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.."
Rishi Kapoor added, "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. Even before the fire, for years R. K. Studio 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 parking space, air-conditioning and discounts," said Rishi.
During the Lakme Fashion Week, where
Kareena Kapoor Khan who walked the ramp for designer Monisha Jaising, she was asked about this decision.
Reacting to the news, Kareena said, "I don't know how far what is actually happening. In fact, I have been quite under the weather and I haven't even met my father in the last four or five days But of course, we have all grown up walking around in those corridors. I think it's probably something that the family has decided, so it's upto my fathers, his brothers and up to them If that's what they have decided, so be it"
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