Bollywood Actor Akshay Kumar Sells Borivali Apartment – Details

Bollywood superstar Akshay Kumar, known for his action-packed films and disciplined lifestyle, has reportedly sold his apartment in Borivali East, Mumbai, for Rs 4.25 crore. The deal was finalized earlier this month, drawing attention to the star’s strategic real estate moves.

Details of the property

The apartment is part of the renowned project "Oberoi Sky Heights" in Borivali East, a well-connected suburb of Mumbai. Spanning 1,281 square feet, the property is equipped with modern amenities, spacious interiors, and access to a vibrant community, making it a lucrative investment. 
As per the IGR property registration documents reviewed bySquare Yards, the apartment features a carpet area of 1073 sq. ft. (99.71 sq. m) and includes two car parking spaces. The transaction incurred a stamp duty payment of Rs. 25.5 lakh and registration charges of Rs. 30,000.

Celebrity real estate trends

Square Yards' analysis of IGR property registration documents reveals that an apartment purchased by Kumar in November 2017 for Rs. 2.38 crore was recently sold for Rs 4.25 crore, reflecting a 78 percent appreciation in value. Notably, Akshay Kumar and other Bollywood actors such as Amitabh Bachchan and Abhishek Bachchan own multiple properties in Oberoi Sky City, as per IGR property registration records
The sale of Akshay Kumar’s apartment in Borivali East aligns with the trend of Bollywood celebrities reshuffling their real estate investments. Many stars are either upgrading to larger properties or liquidating assets to focus on business ventures or personal preferences.

Akshay Kumar’s real estate ventures

Akshay Kumar owns several high-value properties across India and abroad, including his sea-facing duplex in Juhu, a holiday home in Goa, and other investments in prime locations. His latest transaction is seen as a strategic decision to optimize his real estate portfolio.

Conclusion

Akshay Kumar’s recent property sale highlights his knack for making strategic financial decisions, further cementing his status as a smart investor. As the Bollywood actor continues to expand his career and business ventures, his moves in the real estate market remain a topic of interest among fans and industry insiders alike.