Ronit Roy buys Rs 190 million apartment in Mumbai's Versova
Real Estate

Ronit Roy buys Rs 190 million apartment in Mumbai's Versova

Bollywood actor Ronit Roy has acquired a sea-view luxury apartment in Mumbai?s Versova locality for nearly Rs 190 million from realty developer Macrotech Developers. The apartment, located on the 20th floor of an upcoming tower in Andheri's western suburb, spans 4,259 sq ft and includes exclusive access to four car parking slots. Roy, along with his wife Neelam, completed the deal on June 10, paying a stamp duty of approximately Rs 11.4 million, according to documents accessed through IndexTap.com.

The under-construction project, a 29-story structure, is scheduled for completion and delivery by December 2026. The source?s email query to Macrotech Developers remained unanswered at the time of publishing, and Ronit Roy was unavailable for comment.

Real estate remains a top investment choice for high net-worth individuals, with Bollywood celebrities actively acquiring properties for both personal use and investment purposes. Prominent personalities such as Amitabh Bachchan, Shahrukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai have invested in various real estate ventures.

The Indian residential real estate market reached an 11-year sales high in the first half of 2024, driven by stable economic conditions and market confidence despite higher mortgage rates. Mumbai, the largest and most expensive property market, led this trend, consistently recording over 10,000 property registrations each month in the first half of 2024 and achieving year-on-year growth in registrations for 11 consecutive months since August 2023.

(Source: ET)

Bollywood actor Ronit Roy has acquired a sea-view luxury apartment in Mumbai?s Versova locality for nearly Rs 190 million from realty developer Macrotech Developers. The apartment, located on the 20th floor of an upcoming tower in Andheri's western suburb, spans 4,259 sq ft and includes exclusive access to four car parking slots. Roy, along with his wife Neelam, completed the deal on June 10, paying a stamp duty of approximately Rs 11.4 million, according to documents accessed through IndexTap.com. The under-construction project, a 29-story structure, is scheduled for completion and delivery by December 2026. The source?s email query to Macrotech Developers remained unanswered at the time of publishing, and Ronit Roy was unavailable for comment. Real estate remains a top investment choice for high net-worth individuals, with Bollywood celebrities actively acquiring properties for both personal use and investment purposes. Prominent personalities such as Amitabh Bachchan, Shahrukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai have invested in various real estate ventures. The Indian residential real estate market reached an 11-year sales high in the first half of 2024, driven by stable economic conditions and market confidence despite higher mortgage rates. Mumbai, the largest and most expensive property market, led this trend, consistently recording over 10,000 property registrations each month in the first half of 2024 and achieving year-on-year growth in registrations for 11 consecutive months since August 2023. (Source: ET)

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?