Ronit Roy, renowned Bollywood actor, has made headlines with his recent acquisition of a luxurious 4,259-square-foot apartment in Mumbai's prestigious Versova area for INR 18.94 crore (USD 2.3 million). Located on the 20th floor of an upcoming high-rise, the apartment offers stunning views of Mumbai's coastline and includes four parking spaces. The transaction, marked by a significant stamp duty payment of INR 1.13 crore, underscores Mumbai's robust real estate market, which has seen continuous growth amid rising mortgage rates and sustained economic stability. Roy joins a cohort of Bollywood celebrities investing in Mumbai's prime properties, reflecting both a penchant for luxury living and savvy financial foresight.
Bollywood actor Ronit Roy recently acquired a luxury apartment in the upscale Versova area in Mumbai for a reported INR 18.94 crore (USD 2.3 million). Located in the western suburbs, Versova offers stunning sea views and is a popular choice for celebrities seeking a luxurious lifestyle.
The apartment itself is a sprawling 4,259 square feet, offering ample living space for Roy and his wife, Neelam. Situated on the 20th floor of a currently under-construction high-rise building, the apartment promises breathtaking views of the Mumbai coastline. According to documents obtained by IndexTap.com, Ronit paid a hefty stamp duty of INR 1.13 crore to purchase the flat, which also included four parking spaces. The project is expected to be completed by December 2026 and will boast modern amenities including dedicated parking facilities. As part of the deal, Roy secured exclusive access to four car parking slots within the tower.
Ronit Roy's investment highlights the continued strength of Mumbai's real estate market. Despite rising mortgage rates, the city saw a rise in property sales during the first half of 2024. This growth is attributed to a stable economy and increased market confidence.
Mumbai, India's most expensive and largest property market, is at the forefront of this upward trend. The city has consistently broken records with over 10,000 property registrations each month in the first half of 2024. This growth streak began in August 2023 and has continued for 11 consecutive months, highlighting the sustained demand for property in Mumbai.
Ronit Roy joins a growing list of celebrities who view real estate as a secure investment. Many prominent figures from the entertainment industry, including actors, producers, and directors such as Amitabh Bachchan, Shah Rukh Khan, and Aishwarya Rai Bachchan, have actively invested in properties across India. These investments serve a dual purpose, providing luxurious living spaces and offering the potential for significant long-term financial gains.
While the specific details of the transaction between Roy and the developer, Macrotech Developers, remain confidential, the reported purchase price indicates the continued high value placed on luxury properties in Mumbai's prime locations. This trend is likely to continue in the near future, fueled by a growing economy and a strong demand for premium living spaces in India's financial capital.
This trend of Bollywood celebrities making significant real estate investments in Mumbai continues to gather momentum. Alongside Ronit Roy and Neelam Roy's recent acquisition, other stars have also delved into the property market frenzy. Here are some additional examples: Javed Akhtar secured a property in the exclusive Juhu neighborhood for INR 7.76 crore. Aamir Khan made headlines with his INR 9.7 crore investment in a unit within Bella Vista Apartments in Pali Hill. Amitabh Bachchan expanded his real estate portfolio by purchasing two apartments in Borivali for INR 7 crore in April. Shahid Kapoor and Mira Rajput Kapoor joined the elite list by acquiring a lavish sea-view apartment at the Oberoi 360 West project in Worli, estimated to be worth around INR 60 crore. This flurry of transactions by Bollywood celebrities highlight their growing interest in the Mumbai property market, further fueling the city's real estate sector.
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