Bollywood superstar Akshay Kumar has recently sold his apartment in Mumbai’s Borivali East for ₹4.35 crore, reflecting a significant appreciation from its purchase price of ₹2.37 crore in November 2017.
Hindustan Times This transaction underscores the robust demand and value appreciation in Mumbai’s real estate market, particularly in premium residential projects.
Details of the Transaction
The apartment, located in Oberoi Realty’s Sky City—a sprawling 25-acre development—was officially registered on March 8, 2025.
The property boasts a carpet area of 1,073 square feet and includes two car parking spaces. The transaction incurred a stamp duty of ₹26.1 lakh and registration charges of ₹30,000.
Appreciation in Property Value
Kumar’s initial purchase of the apartment in November 2017 for ₹2.37 crore has seen an impressive 84% appreciation over approximately seven years.
This substantial increase highlights the enduring value and investment potential of properties within the Sky City project and the broader Borivali East area.
Oberoi Sky City: A Premium Residential Project
Oberoi Sky City is renowned for its luxurious amenities and strategic location. The ready-to-move-in residential project offers various configurations, including 3BHK, 3BHK with studio, and duplex apartments.
business-standard.com Between March 2024 and February 2025, the project recorded 208 sale registrations totaling ₹818 crore, with an average resale price of ₹44,577 per square foot.
This data reflects the project’s strong market activity and the high demand for premium residential spaces in the area.
Borivali East: A Sought-After Locality
Borivali East, situated on Mumbai’s northwestern edge, is known for its green surroundings and proximity to attractions like the Sanjay Gandhi National Park and Kanheri Caves. The area offers excellent connectivity to neighboring regions such as Kandivali East, Dahisar East, and Borivali West, making it a favored residential locality.
The robust infrastructure and availability of quality residential projects have contributed to the area’s real estate growth.
Akshay Kumar’s Previous Real Estate Transactions
This recent sale is not Kumar’s first significant real estate transaction in the area. In January 2025, he sold another unit in the same building for ₹4.25 crore, which he had purchased in 2017 for ₹2.38 crore, reflecting a 78% appreciation in value.
Additionally, in February 2025, Kumar and his wife, Twinkle Khanna, sold their luxury apartment in Mumbai’s Oberoi 360 West project for ₹80 crore. The 6,830 square feet apartment, located on the 39th floor of the luxury residential tower in Worli, included four parking slots. Hindustan Times
Bollywood’s Investment in Oberoi Sky City
Kumar is among several Bollywood celebrities investing in Oberoi Sky City. In May 2024, actors Amitabh Bachchan and Abhishek Bachchan acquired multiple properties in the same project, according to property registration records.
This trend indicates the project’s appeal among high-profile individuals seeking premium residential options in Mumbai.
Mumbai’s Real Estate Market Trends
The appreciation in property values within Oberoi Sky City aligns with broader trends in Mumbai’s real estate market. In Borivali, a 4BHK luxury apartment was sold for ₹14 crore last year, with a per square foot rate of ₹56,000, marking the highest recorded price for a property in the suburb. This sale brings Borivali on par with prime locations like Andheri, Vile Parle, Dadar, and Mahim.
Such transactions highlight the increasing demand for luxury residential spaces in Mumbai’s suburbs.
Conclusion
Akshay Kumar’s recent sale of his Borivali East apartment for ₹4.35 crore underscores the robust appreciation of property values in Mumbai’s real estate market, particularly in premium projects like Oberoi Sky City. The significant return on investment reflects the enduring appeal of well-located, high-quality residential developments in the city. As Mumbai continues to grow and evolve, areas like Borivali East are likely to remain attractive to both investors and residents seeking a blend of luxury, convenience, and connectivity.
