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Bollywood actor Akshay Kumar has sold his 1,073 sq. ft. apartment in Oberoi Realty's Sky City complex in Borivali East for INR 4.25 crore, marking a 78% appreciation from his 2017 purchase price of INR 2.38 crore. The transaction, registered in January 2025, incurred a stamp duty of INR 25.5 lakh and registration charges of INR 30,000. Sky City remains a sought-after development, recording 216 sale registrations in 2024, with an average resale price of INR 39,522 per sq. ft. Kumar's sale highlights Mumbai's robust luxury real estate market amid rising celebrity property transactions.
Bollywood actor Akshay Kumar has recently sold his apartment in Borivali East, Mumbai, for INR 4.25 crore, as confirmed by property registration documents. This sale marks a significant transaction in the Mumbai real estate market, reflecting ongoing trends in property values and celebrity investments. The apartment, located in the Sky City complex developed by Oberoi Realty, features a carpet area of 1,073 square feet and includes two parking spaces. The sale was officially registered in January 2025 and incurred a stamp duty of INR 25.5 lakh and registration charges of INR 30,000. Kumar originally purchased the property in November 2017 for INR 2.38 crore, which means he has seen an impressive appreciation of 78% over the past seven years. Advertisement
Sky City is a well-known residential project that spans 25 acres and offers a variety of living options, including 3BHK and duplex apartments. The development has become popular among homebuyers due to its amenities and strategic location. According to data from Square Yards, the project recorded 216 sale registrations in 2024, amounting to a total transaction value of INR 848 crore, with the average resale price currently at INR 39,522 per square foot. This indicates a healthy demand for properties in this area, suggesting a robust real estate market.
Kumar's sale is part of a broader trend among celebrities in Mumbai, where high-profile transactions have become common. Recently, actor Amitabh Bachchan sold his duplex apartment in Oshiwara for INR 83 crore, after purchasing it for INR 31 crore in 2021. This sale reflected a staggering 168% increase in value, highlighting the growing interest in luxury properties in the city.
The Mumbai real estate market has seen fluctuations in recent years, influenced by various factors such as economic conditions, interest rates, and changing buyer preferences. Despite these challenges, luxury properties continue to attract buyers, particularly in well-established neighborhoods. The presence of high-net-worth individuals and celebrities in the market often drives up demand and property values. As the year progresses, analysts will be closely watching how these trends evolve, especially with the potential impact of new government policies and economic developments. For now, Akshay Kumar's recent sale serves as a reminder of the dynamic nature of the Mumbai real estate market and the ongoing interest in high-value properties.
In conclusion, the sale of Kumar's apartment not only reflects his personal investment journey but also signifies the broader trends in the luxury real estate market in Mumbai. As more celebrities engage in property transactions, it will be interesting to see how these developments influence market dynamics and property values in the future.
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