Luxury Living: Ronit Bose Roy's ₹18.94 Crore Apartment in Versova, Mumbai
Get an inside look at the television star's new luxury apartment in Versova, Andheri (West), and explore the current state of Mumbai's residential real estate market.
Ronit Bose RoyLuxury ApartmentVersovaMumbaiReal EstateResidential MarketOffice MarketMacrotech DevelopersIcici Prudential Asset Management Company LtdKnight Frank IndiaReal EstateJul 06, 2024
Interestingly, this is not the only big-ticket purchase in the area. Just last week, ICICI Prudential Asset Management Company Ltd acquired 12 floors along with land, and three basements at Kalpataru Infinia situated in Santacruz East for a staggering ₹315 crore. The company purchased the property from Ixora Properties Pvt Ltd, paying a stamp duty of ₹18.90 crore.
According to a recent report by Knight Frank India, Mumbai's residential real estate market is on the rise. The report, titled 'India Real Estate Residential and Office (January - June 2024)', reveals that the city witnessed a 16 per cent year-on-year (YoY) jump in residential unit sales, with 47,259 units sold during this period. However, new launches saw a seven per cent YoY decline, with 46,985 units introduced. Despite this, the average residential prices rose by four per cent YoY over the same period last year.
Mumbai's office market also saw significant growth, with 5.8 million sq ft of office spaces being transacted, resulting in a 79 per cent YoY growth in H1 2024. New office completions in the city were recorded at 4.3 million sq ft, reporting a commendable 205 per cent YoY growth in H1 2024.
Information
Macrotech Developers is a leading real estate development company in India, known for its luxurious residential and commercial projects.
ICICI Prudential Asset Management Company Ltd is a leading asset management company in India, offering a range of investment products and services.
Knight Frank India is a leading international property consultancy, providing a range of services including residential and commercial property sales, leasing, and valuations.
Ronit Bose Roy is a renowned television and film star, known for his iconic roles in popular TV shows and films.
Frequently Asked Questions
What is the value of Ronit Bose Roy's new apartment?
₹18.94 crore
Where is Ronit Bose Roy's new apartment located?
Versova, Andheri (West)
How many parking spaces did Ronit Bose Roy purchase along with the apartment?
Four
What is the current state of Mumbai's residential real estate market?
The market has seen a 16 per cent YoY jump in residential unit sales, with 47,259 units sold during H1 2024.
What is the average residential price growth in Mumbai?
The average residential prices rose by four per cent YoY over H1 2023.
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