Akshay Kumar sells Mumbai apartment at 78 percent appreciation, bags THIS amount; report

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Akshay Kumar’s most recent movie, titled “Sky Force,” has just been released and is generating a lot of buzz, receiving praise and holding audiences spellbound. Amidst the film’s triumph, it’s been disclosed that the prominent Bollywood actor has cashed in on the sale of his Borivali East, Mumbai apartment for a massive 42.5 million rupees (Rs 4.25 crore), yielding a significant profit of approximately 78%.

Indeed, you’ve got it right! As evidenced by property records from SquareYards, this apartment is situated within the vast Sky City development, which spans over 25 acres and is exclusively residential. The project provides a variety of move-in ready options such as 3BHK, 2BHK, studio, and duplex apartments. The sale was legally registered on January 21, 2025, as per the provided documents.

Based on a study of IGR property registration documents conducted by SquareYards, Akshay Kumar acquired an apartment worth INR 2.38 crores in November 2017. More recently, the same property was sold for INR 4.25 crores, signifying a significant 78% rise in value.

Based on property registration records from IGR, it’s known that the Sky Force actor, alongside A-list Bollywood stars Amitabh Bachchan and Abhishek Bachchan, collectively own properties in Oberoi Sky City. Specifically, documents examined by SquareYards reveal an apartment measuring approximately 1073 square feet (or 99.71 square meters) for the actor, which includes two parking spaces. The transaction was subject to a stamp duty of Rs 25.5 lakh and registration fees of Rs 30,000.

According to SquareYards Data Intelligence findings, Oberoi Sky City has experienced significant market engagement over the course of 2024, with a total of 216 transactions worth approximately Rs 848 crore taking place between January and December. At present, the typical resale price for properties within this development is around Rs 39,522 per square foot.

Just yesterday, I had the privilege of catching Sky Force, hitting cinemas on January 24. As a dedicated fan, it was a thrill to see none other than Akshay Kumar in this action-packed production, masterfully produced by Dinesh Vijan. Joining him on screen were Sara Ali Khan, Veer Pahariya, Nirmat Kaur, and Sharad Kelkar, all delivering captivating performances.

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2025-01-24 14:22