Yes, it is. The story of 'Bombay Velvet' draws from real - life happenings in Bombay. It shows the seedy underbelly of the city, with its crime, politics, and the dreams of those trying to make it big. The characters are crafted in a way that they reflect the types of people who were part of that world at that time.
The movie 'Bombay Velvet' is set against the backdrop of Mumbai in the 1960s. It shows the rise of underworld, the glitz and glamour of the city along with the dreams and downfalls of the characters. The story follows the journey of a boxer turned gangster who gets involved in the power struggles and seedy underbelly of the city. It also delves into the themes of love, betrayal and ambition in that era.
Well, Velvet is typically not based on real events. It's more of a fictional narrative crafted by the imagination of the creators to engage and captivate the audience.