Bollywood Star Akshay Kumar Offloads Two Properties in Mumbai’s Borivali for Rs. 7.10 Crore
Bollywood actor Akshay Kumar has sold two adjoining residential properties in Mumbai’s Borivali East for a total of Rs. 7.10 crore. The properties, part of a premium project by Oberoi Realty, were sold in June 2025, reflecting the ongoing interest of Bollywood personalities in the Mumbai real estate market.
Akshay KumarMumbai Real EstateBorivali PropertiesOberoi RealtyBollywood InvestmentsReal Estate NewsJul 28, 2025
The first property, with a carpet area of 1,101 sq. ft, was sold for Rs. 5.75 crore. This transaction included two car parking spaces and attracted a stamp duty payment of Rs. 34.50 lakh. Kumar had originally purchased this property in 2017 for Rs. 3.02 crore, making a notable profit from the sale.
The second property, measuring 252 sq. ft, was sold for Rs. 1.35 crore. This transaction incurred a stamp duty payment of Rs. 6.75 lakh. The actor had acquired this property in 2017 for Rs. 67.90 lakh, also resulting in a significant gain. Both properties are part of a ready-to-move-in project spread over 35 acres, developed by Oberoi Realty, a prominent name in the real estate sector.
Oberoi Realty, known for its premium residential projects, has attracted other Bollywood personalities to invest in the same development. Notably, actors Amitabh Bachchan and Abhishek Bachchan have also acquired multiple properties in this project in May 2024, further emphasizing the project's appeal in the high-end real estate market.
Bollywood personalities continue to play an active role in India’s property market, frequently opting for premium residential developments in Mumbai and other key metros. These investments not only reflect lifestyle aspirations but also serve as a means of portfolio diversification. The real estate market in Mumbai, particularly in areas like Borivali, remains a popular choice for high-net-worth individuals, including celebrities, due to its strategic location and the potential for high returns on investment.
The sale of these properties by Akshay Kumar underscores the ongoing interest and confidence of Bollywood stars in the Mumbai real estate market. It also highlights the importance of well-located and well-developed projects in attracting such high-profile buyers. As the real estate market continues to evolve, the participation of celebrities like Akshay Kumar adds a layer of prestige and credibility to these developments, making them attractive to a broader range of investors.
Frequently Asked Questions
How much did Akshay Kumar sell his properties for?
Akshay Kumar sold two adjoining residential properties in Borivali East for a total of Rs. 7.10 crore.
What is the carpet area of the first property sold by Akshay Kumar?
The first property has a carpet area of 1,101 sq. ft and was sold for Rs. 5.75 crore.
Who developed the project where Akshay Kumar sold his properties?
The properties are part of a 35-acre ready-to-move-in project developed by Oberoi Realty.
When did Akshay Kumar purchase the properties?
Akshay Kumar purchased the properties in 2017, with the first property costing Rs. 3.02 crore and the second property costing Rs. 67.90 lakh.
Are there other Bollywood stars who have invested in the same project?
Yes, Bollywood actors Amitabh Bachchan and Abhishek Bachchan have also acquired multiple properties in the same project in May 2024.
Related News Articles
Mohol's Civil Aviation Role Takes Off: A New Era for Pune's Aviation Sector
Pune's civil aviation sector is set to soar to new heights with the recent developments at Mohol, marking a significant milestone in the city's real estate and aviation landscape.
Indian Real Estate Market Sees Unprecedented Growth in Q2 2024
The Indian real estate market witnessed a significant surge in deals worth $1.56 billion during the April-June period, marking an eight-fold rise from the preceding quarter.
PMAY-U 2.0: Affordable Housing Scheme for Urban Poor and Middle-Class Families
The Union Cabinet has approved the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0, a scheme to provide affordable housing to one crore urban poor and middle-class families.
Indian Real Estate: Fundamentals Remain Strong Despite Cyclical Slowdown
Current housing affordability is at multi-year high levels, favorable supply-demand dynamics, and industry consolidation drive growth in the sector
Germany's Property Market Shows Signs of Recovery but Industry Remains Cautious
Despite a slight increase in property transactions, Germany's real estate market is still navigating through a challenging economic landscape.
Arm Holdings: The AI Chip Leader Set to Outperform Nvidia
Despite a meteoric rise in stock price, Arm Holdings is poised to outperform Nvidia in the long run. Here’s why.