Bollywood superstar Akshay Kumar has sold his apartment in Borivali East, Mumbai, for Rs. 4.25 crore, according to property registration documents reviewed by Square Yards on the website of the Inspector General of Registration (IGR), Maharashtra. The transaction was officially registered in January 2025.
Prime Location: Borivali East
Borivali East, located on Mumbai’s northwestern edge, is a sought-after locality known for its proximity to iconic attractions such as Sanjay Gandhi National Park and Kanheri Caves, as well as amusement parks like Water Kingdom and Essel World. The area is favored for its green surroundings, excellent connectivity to neighboring regions like Kandivali East, Dahisar East, and Borivali West, and high-quality residential developments.
The sold property is located in Oberoi Realty’s Sky City, a sprawling 25-acre residential project offering ready-to-move-in 3BHK, 3BHK+Studio, and Duplex apartments. The project is known for its luxurious amenities and high market demand.
Apartment Details
As per the IGR documents reviewed, the apartment boasts a carpet area of 1073 sq. ft. (99.71 sq. m) and includes two car parking spaces. The transaction involved a stamp duty payment of Rs. 25.5 lakh and registration charges of Rs. 30,000.
Interestingly, Akshay Kumar had purchased the apartment in November 2017 for Rs. 2.38 crore. Selling it for Rs. 4.25 crore represents a 78% appreciation in value over seven years.
Market Insights: Oberoi Sky City
Square Yards Data Intelligence reveals robust market activity in Oberoi Sky City. Between January and December 2024, the project recorded 216 sale registrations with a total transaction value of Rs. 848 crore. The average resale price for properties in the project currently stands at Rs. 39,522 per sq. ft., reflecting its premium appeal and strong market demand.
Bollywood’s Real Estate Presence
Akshay Kumar is not the only Bollywood star with a stake in Oberoi Sky City. Other prominent actors, including Amitabh Bachchan and Abhishek Bachchan, also own properties in this premium residential project, as per IGR property registration records.
Akshay Kumar: A Bollywood Icon
Known as the “Khiladi of Bollywood,” Akshay Kumar has built a legacy as one of Indian cinema’s most versatile and bankable actors. With a career spanning over three decades and more than 100 films, he has earned numerous accolades, including the National Film Award for Best Actor for Rustom and multiple Filmfare Awards.
Beyond his cinematic success, Akshay Kumar is celebrated for his disciplined lifestyle and philanthropic initiatives. A Padma Shri honouree, he remains an influential figure both on and off the screen.
Real Estate Trends
Akshay Kumar’s sale highlights the ongoing demand for premium residential properties in Mumbai’s real estate market. With steady appreciation in property values and robust market activity, projects like Oberoi Sky City continue to attract buyers and investors alike.
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