Akshay Kumar Sells Mumbai Apartment for ₹4.35 Crore
Bollywood superstar Akshay Kumar has successfully sold his apartment in Borivali East, Mumbai, for ₹4.35 crore, as confirmed by property registration documents. The sale, which took place in March 2025, highlights the ongoing real estate activity in the area, particularly in developments like Oberoi Sky City.
Details of the Property Sale
The apartment, located in the well-known Sky City complex developed by Oberoi Realty, boasts a carpet area of 1,073 square feet and includes two designated car parking spaces. The transaction was accompanied by a stamp duty payment of ₹26.1 lakh and registration charges amounting to ₹30,000. This sale marks a significant financial gain for Kumar, who originally purchased the property in November 2017 for ₹2.37 crore, reflecting an impressive 84% appreciation in value over the years.
Sky City is a prominent residential project spread across 25 acres, offering a variety of living options, including 3BHK, 3BHK+Studio, and Duplex apartments. The area is favored for its lush greenery and convenient access to major parts of Mumbai, including Kandivali East, Dahisar East, and Borivali West. Borivali itself is known for attractions such as the Sanjay Gandhi National Park and the Kanheri Caves, making it a desirable location for families and individuals alike.
Market Activity in Oberoi Sky City
According to data from Square Yards, Oberoi Sky City has seen robust market activity, with 208 sale registrations totaling ₹818 crore from March 2024 to February 2025. The average resale price for properties within the complex stands at ₹44,577 per square foot, indicating a healthy demand for real estate in this upscale development. This trend is further underscored by the recent sales of other units in the same building, including another apartment sold by Kumar for ₹4.25 crore in January 2025.
The increasing property values in Oberoi Sky City reflect a broader trend in Mumbai’s real estate market, where luxury developments continue to attract high-profile buyers. Notably, Bollywood icons Amitabh Bachchan and Abhishek Bachchan also acquired multiple properties in the same complex in May 2024, showcasing the area’s appeal among the film fraternity.
Akshay Kumar’s Career and Contributions
Akshay Kumar, a leading figure in Bollywood, has enjoyed a prolific career spanning over three decades. Renowned for his versatility, he received the National Film Award for Best Actor in 2017 for his role in Rustom and has garnered multiple Filmfare nominations for films such as Airlift and Kesari. In recognition of his contributions to Indian cinema, he was awarded the Padma Shri. Beyond his acting career, Kumar is also known for his philanthropic efforts, supporting various social causes.
As the real estate market continues to evolve, Kumar’s recent sale exemplifies the lucrative opportunities available in Mumbai’s property landscape, particularly in sought-after developments like Oberoi Sky City.
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