Bollywood Star Makes Profitable Exit from Oberoi Sky City
Bollywood superstar Akshay Kumar has sold two residential units in Oberoi Sky City, Borivali, Mumbai, for a total of ₹6.6 crore, as per property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) Maharashtra website. Both transactions were officially registered in March 2025.
Prime Location: Borivali’s Rising Real Estate Appeal
Borivali, located in northwestern Mumbai, is known for its proximity to Sanjay Gandhi National Park, Kanheri Caves, and popular amusement parks like Water Kingdom and Essel World. Borivali East, in particular, is sought after for its greenery and connectivity to key areas like Kandivali East, Dahisar East, and Borivali West.
Oberoi Sky City, developed by Oberoi Realty, is a premium residential project spanning 25 acres, offering 3BHK, 3BHK+Studio, and Duplex apartments. The project has seen strong demand in the real estate market, evident from the significant appreciation in property prices over the years.
Transaction Details: Significant Gains for Akshay Kumar
According to IGR Maharashtra records, Akshay Kumar has made substantial profits on both properties:
- First Apartment: Sold for ₹5.35 crore, originally purchased in November 2017 for ₹2.82 crore. This marks an 89% appreciation in value. The apartment has a carpet area of 100.34 sq. m (1,080 sq. ft). The transaction incurred a stamp duty of ₹32.1 lakh and a registration fee of ₹30,000.
- Second Apartment: Sold for ₹1.25 crore, initially bought in 2017 for ₹67.19 lakh, reflecting an 86% appreciation. The unit, with a carpet area of 23.45 sq. m (252 sq. ft), incurred a stamp duty of ₹7.5 lakh and a registration fee of ₹30,000.
Bollywood’s Growing Investment in Real Estate
Akshay Kumar is not the only Bollywood celebrity making real estate moves in Oberoi Sky City. In May 2024, actors Amitabh Bachchan and Abhishek Bachchan also acquired multiple properties in the same project, highlighting the increasing interest of film industry personalities in Mumbai’s luxury housing market.
Oberoi Sky City has witnessed remarkable market activity, with 208 sale registrations amounting to ₹818 crore between March 2024 and February 2025. The project’s average resale price is ₹44,577 per sq. ft, demonstrating its high value in Mumbai’s real estate landscape.
Akshay Kumar: A Versatile Actor and Savvy Investor
Beyond his property investments, Akshay Kumar has had a stellar career spanning over three decades. Known for his disciplined approach and versatility, he won the National Film Award for Best Actor in 2017 for “Rustom” and has received multiple Filmfare nominations for films like “Airlift” and “Kesari.” The actor was also honored with the Padma Shri, India’s fourth-highest civilian award, for his contributions to cinema and social causes.
Analysis: A Smart Investment Move
Akshay Kumar’s latest property sale underscores the strong appreciation of Mumbai’s real estate market, particularly in premium projects like Oberoi Sky City. His nearly 90% return on investment over seven years highlights the potential of strategic real estate investments in Mumbai’s fast-growing suburban areas.
Borivali, once considered a distant suburb, has evolved into a sought-after residential hub due to improved infrastructure and connectivity. The sale also indicates that luxury properties in well-established projects continue to attract high-end buyers, reaffirming Mumbai’s reputation as a lucrative real estate market.
For investors and homebuyers, Kumar’s sale serves as a testament to the value of long-term investments in prime locations, reinforcing the importance of choosing reputed developers and appreciating micro-markets.
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