Akshay Kumar Sells Two Premium Mumbai Apartments for Over Rs 6 Crore, Bookmarks Substantial Profit
Renowned Bollywood actor Akshay Kumar has made a significant move in the real estate market by selling two luxurious apartments in Mumbai for a staggering Rs 6 crore. The transaction, which netted him a 90% profit, highlights the actor's savvy investment
Akshay KumarMumbai Real EstateProperty SalesBollywood InvestmentsHighend ApartmentsReal Estate MumbaiMar 25, 2025
Mumbai, known for its bustling real estate market, is a hub for high-value transactions. Akshay Kumar, who has been involved in several property deals over the years, has chosen to divest these two properties at a time when the market is showing promising signs of recovery. The apartments, located in prime areas of the city, have been a part of his portfolio for several years, and their sale marks a strategic move to capitalize on the current market conditions.
The first apartment, which is a spacious three-bedroom unit, is situated in a luxurious residential complex in Bandra, one of Mumbai's most affluent neighborhoods. The second property, a two-bedroom flat, is located in Juhu, another posh locality known for its celebrity residents. Both apartments are equipped with modern amenities and offer panoramic views of the city, making them highly desirable in the market.
According to sources close to the transaction, the properties were sold to a private buyer who has expressed a keen interest in investing in high-end real estate in Mumbai. The buyer, who wishes to remain anonymous, is reportedly a well-known businessperson with a strong financial background.
Akshay Kumar's decision to sell these properties is not just a reflection of his financial acumen but also a strategic move to diversify his investment portfolio. Over the years, the actor has been involved in various business ventures, including real estate, and has built a substantial portfolio of properties in different parts of the country.
The transaction also highlights the resilience of the Mumbai real estate market, which has shown signs of improvement in recent months. Despite the challenges posed by the global pandemic, the market has started to regain its momentum, with a steady increase in demand for high-end properties.
For Akshay Kumar, the sale of these two apartments is just one chapter in his long history of successful investments. His ability to time the market and make profitable decisions has earned him a reputation as one of the most savvy investors in the entertainment industry. As he continues to explore new opportunities, Kumar remains a prominent figure in both the film and real estate sectors.
While the exact details of the transaction have not been disclosed, industry insiders have praised Kumar's decision to sell the properties at this juncture. The sale not only provides him with a significant financial gain but also allows him to reinvest in other promising ventures.
In conclusion, Akshay Kumar's latest real estate transaction is a testament to his business acumen and his ability to navigate the complexities of the market. As he continues to make strategic moves in the business world, his fans and admirers look forward to seeing what the future holds for this multifaceted star.
Frequently Asked Questions
Where are the two apartments Akshay Kumar sold located?
The two apartments are located in Bandra and Juhu, two of the most affluent neighborhoods in Mumbai.
How much profit did Akshay Kumar make from selling the apartments?
Akshay Kumar made a 90% profit from the sale of the two apartments.
What are the notable features of the apartments sold by Akshay Kumar?
The apartments are equipped with modern amenities and offer panoramic views of the city, making them highly desirable in the market.
Who bought the properties from Akshay Kumar?
The properties were sold to a private buyer who is a well-known businessperson with a strong financial background, but wishes to remain anonymous.
What does this transaction indicate about the Mumbai real estate market?
The transaction indicates that the Mumbai real estate market is showing signs of improvement and resilience, with a steady increase in demand for high-end properties.
Related News Articles
Clarifying Acquisition Cost for Real Estate Properties Purchased Before 2001 for LTCG Calculations
The IT department has clarified the cost of acquisition of real estate properties purchased before 2001 for Long-Term Capital Gains (LTCG) tax calculations.
Why Are Auto Stocks Sliding Despite the Festive Season? Bajaj Auto, TVS Motor, M&M, Maruti Shares
Despite the festive buzz, auto stocks are witnessing a downturn. Here’s a detailed look at the factors affecting these stocks and potential opportunities.
How I Moved Abroad to Afford Retirement on $3,000 a Month
Norman Bour and his wife, after facing financial hardships in the US, moved abroad to live a more affordable and fulfilling life. Here’s their story and tips for others considering the same path.
Lotus Realty Gears Up for Rs 1,000 Crore IPO Amid Bollywood Backing
Mumbai-based luxury real estate developer, Lotus Realty, is making significant strides ahead of its highly anticipated Initial Public Offering (IPO). The company, known for its collaborations with Bollywood stars, has recently raised around ₹407.6 crore t
Understanding the Borrower's Right of Redemption in Real Estate
This judgment emphasizes the significance of registering sale deeds to ensure legal ownership of immovable property in the Indian real estate market. Understanding the borrower's right of redemption is crucial for both buyers and sellers.
Understanding Property Tax: What It Is and How It's Calculated
Property tax is a yearly or semi-annual tax imposed on real estate owners by local authorities. It is a significant source of revenue for local governments, which use it to fund public services like schools, police, and fire departments.