Akshay Kumar Sells Two Mulund Luxury Flats for ₹12.38 Crore

The Mulund Exit

Akshay Kumar has offloaded two premium apartments located in Mulund. The deal marks a successful exit from a residential investment made seven years ago.

The transaction reflects the high demand for luxury housing in Mumbai's established suburbs.

• Acquisition year: 2017
• Acquisition cost: ~₹9 crore
• Sale value: ₹12.38 crore

Why Mulund matters for investors

Mulund has transitioned from a quiet suburb to a high-growth residential corridor. Improved connectivity via the Eastern Express Highway and Metro projects makes it a hotspot for HNIs.

This sale proves that even mid-tier luxury segments in Mumbai suburbs offer robust capital gains over a 5-7 year holding period.

• High liquidity in suburban luxury segments
• Steady appreciation in gated communities
• Strong rental yields in the Mulund-Thane belt

Market outlook

Watch for similar exits in the eastern suburbs as older premium inventory hits the market. Investors should focus on localities with upcoming infrastructure connectivity.