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

08 Jul 2024 CW Team

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)

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..