Akshay Kumar’s Smart Move: 99% Gain on Mumbai Flats Sold for Rs 7.10 Crore
Bollywood star Akshay Kumar has made a significant profit by selling two flats in Mumbai’s Oberoi Sky City for Rs 7.10 crore, reflecting a 99% appreciation over his 2017 investment. The properties, located in the upscale Borivali East, highlight the growing demand in Mumbai’s western suburbs.
Akshay KumarMumbai Real EstateBorivali EastOberoi Sky CityReal Estate InvestmentReal Estate MumbaiJul 28, 2025
The apartments are located in Oberoi Sky City, a premium residential project by Oberoi Realty, which spans over 25 acres and offers 3BHKs, studio units, and duplex apartments. Known for its modern amenities and strategic location, the development is fully ready for possession.
Property Details: 90–99% Appreciation Over 8 Years
Transaction 1: Rs 5.75 Crore Sale
The first property, sold for Rs 5.75 crore, has a carpet area of 1,101 sq. ft. and includes two car parking spaces. Kumar had purchased the flat in 2017 for Rs 3.02 crore. Over the eight-year holding period, the asset appreciated by approximately 90%. The buyer also paid a stamp duty of Rs 34.50 lakh and registration charges of Rs 30,000.
Transaction 2: Rs 1.35 Crore Sale
The second, smaller unit has a carpet area of 252 sq. ft. and sold for Rs 1.35 crore. It was originally acquired by Kumar for Rs 67.90 lakh in 2017, marking an impressive 99% return. This transaction incurred a stamp duty of Rs 6.75 lakh and registration fees of Rs 30,000.
Borivali East’s Real Estate Appeal Is Growing
Borivali East continues to emerge as a high-demand locality thanks to its connectivity via the Western Express Highway, Metro Line 7, and proximity to Sanjay Gandhi National Park. The area offers a rare blend of nature and infrastructure, making it a favoured destination for investors and celebrities alike. Its closeness to commercial hubs like Goregaon and Malad also adds to its residential allure.
Oberoi Sky City: A Hotspot for Celebrity Buyers
According to Square Yards’ Data Intelligence division, Oberoi Sky City has seen 100 sale registrations worth Rs 428 crore between August 2024 and July 2025. The average resale rate in the project is currently Rs 47,800 per sq. ft. Square Yards also revealed that Amitabh Bachchan and Abhishek Bachchan bought multiple units in the same project in May 2024, further boosting its profile as a luxury address for the elite.
Akshay Kumar’s Star Power Extends Beyond Films
Akshay Kumar, a Padma Shri awardee and one of India’s most bankable actors, has built a formidable reputation both on and off screen. The National Award-winning actor, best known for hits like Rustom, Airlift, and Kesari, is also known for his sharp business sense and real estate investments. His recent sale not only highlights a savvy financial move but also reinforces Borivali East’s rising profile in Mumbai’s luxury property market.
Frequently Asked Questions
How much did Akshay Kumar sell his flats for in Borivali East?
Akshay Kumar sold two adjoining flats in Borivali East for a combined Rs 7.10 crore.
What is the percentage appreciation on Akshay Kumar’s real estate investment?
The properties appreciated by up to 99% over the eight-year holding period.
Where is the Oberoi Sky City project located?
Oberoi Sky City is located in Borivali East, Mumbai, spanning over 25 acres.
What amenities does Oberoi Sky City offer?
Oberoi Sky City offers modern amenities and includes 3BHKs, studio units, and duplex apartments.
Who else has invested in the Oberoi Sky City project?
Amitabh Bachchan and Abhishek Bachchan have also bought multiple units in the same project.
Related News Articles
Godrej Properties Leases 11-Acre Land in Pune for Ambitious Rs 1800 Crore Project
Godrej Properties has acquired an 11-acre land parcel in Hinjewadi, Pune, to develop a project worth Rs 1,800 crore, featuring group housing and high-street retail.
MHADA Addresses Grievances of 9 Applicants During Lokshahi Din, Vows to Implement Citizen-Friendly Policies
Mumbai: In a bid to address the grievances of its citizens, the Maharashtra Housing and Area Development Authority (MHADA) reviewed 9 applications during its fifth Lokshahi Din, issuing directives for prompt action on each complaint.
Bollywood's Real Estate Ventures: Stars Diversify Their Wealth
Khan's ventures reflect his wealth and the effort he has put into establishing himself as a formidable presence in Mumbai's real estate market.
Sonam Kapoor Acquires Mumbai’s Iconic Rhythm House for ₹47.8 Crore
Bhaane Group, owned by Bollywood star Sonam Kapoor and her husband Anand Ahuja, has purchased the historic Rhythm House in Mumbai for ₹47.8 crore. The property, once owned by fugitive jeweler Nirav Modi, is a 3,600-square-foot cultural landmark in the Kal
Raymond Realty Launches Multi-Crore Housing Project in Pune
Raymond Realty, the real estate arm of textile giant Raymond, is set to launch a multi-crore housing project in Pune, with an estimated topline of around Rs 2000 crore.
WeWork India Secures Major ₹1.38 Crore Monthly Lease in Powai
WeWork India has secured a significant lease agreement for 1.26 lakh square feet of commercial space at Powai, highlighting its strategic expansion in Mumbai's real estate market.