Luxury Living in Mumbai: Bollywood's Ronit Roy Snaps Up INR 18.94 Crore Apartment
Bollywood actor Ronit Roy acquires a luxury apartment in Versova, Mumbai, underscoring the city's robust real estate market, which has seen a rise in property sales despite rising mortgage rates.
Mumbai Real EstateLuxury ApartmentsBollywood CelebritiesRonit RoyMacrotech DevelopersReal Estate MumbaiJul 22, 2024
The transaction marks a significant stamp duty payment of INR 1.13 crore, highlighting Mumbai's robust real estate market. Despite rising mortgage rates, the city saw a rise in property sales during the first half of 2024, attributed to a stable economy and increased market confidence. Mumbai, India's most expensive and largest property market, has consistently broken records with over 10,000 property registrations each month in the first half of 2024.
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.
The 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. 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. As the demand for premium living spaces in India's financial capital continues to rise, it is likely that the trend of celebrity real estate investments will continue in the near future.
Frequently Asked Questions
How much did Ronit Roy pay for his luxury apartment in Versova?
INR 18.94 crore (USD 2.3 million)
What is the size of Ronit Roy's luxury apartment?
4,259 square feet
What is the expected completion date of the project?
December 2026
How many property registrations have been recorded in Mumbai each month in the first half of 2024?
Over 10,000
Who are some other Bollywood celebrities who have invested in real estate in Mumbai?
Amitabh Bachchan, Shah Rukh Khan, Aishwarya Rai Bachchan, Javed Akhtar, Aamir Khan, Shahid Kapoor, and Mira Rajput Kapoor
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