Akshay Kumar Sells Apartment in Mumbai for ₹4.35 Crore
Bollywood star Akshay Kumar has recently sold his 1,073-square-foot apartment in Mumbai’s prestigious Sky City development, located in the bustling suburb of Borivali East, for ₹4.35 crore. The property, which was registered on March 8, 2025, marks an 84% appreciation since it was first purchased for ₹2.37 crore in 2017.
Sky City, a 25-acre residential project by Oberoi Realty, offers luxurious apartments and a range of high-end amenities, making it one of the most sought-after developments in the region. The project caters to affluent buyers, with 2BHK, 3BHK, and duplex apartments, and has seen strong market interest in recent years.The recent sale of Kumar’s apartment, which also included two designated car parking spaces, reflects the growing demand for upscale properties in suburban Mumbai. The transaction also incurred a stamp duty of ₹26.1 lakh and ₹30,000 in registration charges.
This increase in value demonstrates the strong market performance of Sky City, which has become a key player in the city’s real estate landscape.According to market reports, the Sky City development has registered significant sales, with a total of ₹818 crore in transactions between March 2024 and February 2025. The average resale price of properties in the development has risen to ₹44,577 per square foot, indicating a healthy market trend.
Moreover, high-profile figures in the entertainment industry have also invested in the project, with other prominent personalities acquiring multiple properties in the development.This sale highlights not only the rising property values in Borivali East but also the ongoing trend of lucrative investments in Mumbai’s real estate sector. Despite concerns about affordability in the city, luxury developments like Sky City continue to thrive, attracting buyers from both within and outside the film industry.
