Akshay Kumar Sells Mumbai Apartments for ₹6.6 Crore
Bollywood icon Akshay Kumar has made headlines by selling two residential units in Oberoi Sky City, Borivali, for a total of ₹6.6 crore. The transactions, finalized in March 2025, showcase a remarkable appreciation in property value, with documents revealing nearly 90% growth since his initial purchases. This move underscores the booming real estate market in Mumbai, particularly in luxury sectors.
Details of the Property Transactions
Located in the upscale Borivali area, Oberoi Sky City is a prestigious residential development by Oberoi Realty, set amidst 25 acres of lush greenery. The project features high-end apartments, including configurations like 3BHK, 3BHK+Studio, and Duplex options. According to property registration documents, Kumar sold one apartment for ₹5.35 crore, which he had acquired in November 2017 for ₹2.82 crore, marking an impressive 89% appreciation. This unit boasts a carpet area of 100.34 square meters (1,080 square feet) and incurred a stamp duty of ₹32.1 lakh along with a registration fee of ₹30,000.
The second apartment, an adjoining unit, was sold for ₹1.25 crore. Kumar purchased this property in 2017 for ₹67.19 lakh, reflecting an 86% appreciation. This smaller unit has a carpet area of 23.45 square meters (252 square feet) and incurred a stamp duty of ₹7.5 lakh, with a registration fee of ₹30,000. These transactions highlight the significant returns on investment in Mumbai’s luxury real estate market.
Rising Real Estate Activity in Oberoi Sky City
Oberoi Sky City has experienced a surge in market activity over the past year. Data from Square Yards indicates that between March 2024 and February 2025, the project recorded 208 sale registrations, accumulating a total transaction value of ₹818 crore. The average resale price in the development currently stands at ₹44,577 per square foot. The area’s appeal is further enhanced by other high-profile transactions, including Bollywood legends Amitabh Bachchan and Abhishek Bachchan, who purchased multiple properties in the same project in May 2024, solidifying its status as a luxury housing destination.
Bollywood’s Ongoing Affinity for Luxury Homes
Akshay Kumar’s recent property sale exemplifies the ongoing trend of Bollywood celebrities investing in Mumbai’s luxury real estate market. With property appreciation rates soaring in prime locations like Borivali, real estate continues to be a lucrative investment avenue for industry elites. The allure of luxury homes remains strong among Bollywood stars, reflecting their desire for both opulence and sound financial investments in a rapidly evolving market.
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