By R Suryamurthy
Mumbai, 28 July: Beyond his undeniable charisma on the silver screen, Bollywood powerhouse Akshay Kumar is increasingly making headlines for his astute moves in the high-stakes world of Mumbai real estate. The actor, affectionately known a “Khiladi Kumar”, recently demonstrated his sharp business acumen by selling two adjacent residential properties in Borivali East for a cumulative ₹7.10 crore, netting impressive returns of up to 99 per cent on his initial investment.
These transactions, registered in June 2025 and first brought to light by property portal Square Yards through IGR Maharashtra documents, underscore a growing trend among Bollywood’s elite: leveraging Mumbai’s dynamic property market for significant financial gains.
A Strategic Investment in a Growing Hub
Both sold properties are nestled within Oberoi Sky City, a sprawling 25-acre integrated township developed by Oberoi Realty. This ready-to-move-in project in Borivali East has emerged as a particularly attractive investment destination, offering a mix of 3BHK, 3BHK+Studio, and Duplex apartments.
Kumar’s decision to invest in Borivali East back in 2017 appears to have been a highly strategic one. The locality, once considered a distant suburb, has transformed into a prominent residential market. Its appeal lies in a unique blend of urban amenities and natural serenity, thanks to its proximity to the Sanjay Gandhi National Park. Crucially, Borivali East boasts excellent connectivity through the Western Express Highway, the suburban rail network, and the burgeoning Metro Line 7—linking it efficiently to key business hubs like Goregaon and Malad. This improving infrastructure has been a significant driver of property appreciation in the area.
Doubling Down on Returns: The Numbers Game
The details of the two sales reveal Kumar’s substantial gains:
Property 1: Sold for ₹5.75 crore, this larger unit spans 1,101 sq. ft. (approx. 102 sq. m.) and includes two parking spaces. Kumar had acquired it for ₹3.02 crore in 2017, marking a 90 per cent appreciation. The transaction involved a stamp duty of ₹34.50 lakh.
Property 2: This smaller, 252 sq. ft. (23.45 sq. m.) property fetched ₹1.35 crore. Purchased for ₹67.90 lakh in 2017, it delivered a remarkable 99 per cent appreciation. Stamp duty for this sale was ₹6.75 lakh.
These figures highlight the lucrative nature of well-timed real estate investments in Mumbai’s rapidly developing corridors.
Oberoi Sky City: A Celebrity Hotspot?
The consistent demand for properties in Oberoi Sky City is evident in its market performance. Square Yards Data Intelligence reports that from August 2024 to July 2025, the project witnessed 100 sale registrations, with a total transaction value of ₹428 crore. The average resale price in the project stands at a robust ₹47,800 per sq. ft.
Interestingly, Akshay Kumar isn’t the only Bollywood luminary to have recognised the potential of this development. Property registration documents also indicate that cinematic icons Amitabh Bachchan and Abhishek Bachchan acquired multiple properties in Oberoi Sky City in May 2024, further solidifying its status as a celebrity-favoured address. This trend suggests that top-tier actors view real estate not just as a lifestyle choice but as a key component of their diversified investment portfolios.
Akshay Kumar, a recipient of the prestigious National Film Award and the Padma Shri, has an illustrious career spanning over three decades. While his versatility and disciplined professionalism are well known in the film industry, his recent real estate ventures reveal a similar strategic approach to his financial endeavours, cementing his reputation as a shrewd investor in addition to being a beloved movie star. His latest property sales are a testament to the enduring allure and appreciating value of prime Mumbai real estate—especially in burgeoning localities like Borivali East.
