Bollywood's 'Khiladi' Akshay Kumar is once again in the news for a major real estate deal. This time, it's due to the sale of two properties he owned in the Borivali East area of Mumbai. It is reported that Akshay Kumar has sold these two properties for a total of ₹7.10 crore. Both units were connected and part of Oberoi Realty's high-end residential project 'Sky City'.
Features of the Sky City Project
Sky City is a premium residential project by Oberoi Realty, spread over approximately 25 acres. The project offers luxury units such as 3BHKs, studios, and duplexes. Borivali East is already considered one of the prime residential areas in Mumbai, boasting excellent connectivity via the Western Express Highway, Metro Line 7, and Mumbai's suburban local train network.
Another key feature of the Sky City project is its proximity to Sanjay Gandhi National Park, offering residents a blend of urban living and lush greenery. The presence of corporate hubs like Goregaon and Malad in the vicinity makes this location even more desirable.
Details of the First Property Deal
The first property sold by Akshay Kumar is a large 3BHK flat with a carpet area of 1,101 square feet. This unit was sold for ₹5.75 crore and includes two car parking slots. According to documents, Akshay purchased this flat in 2017, paying ₹34.50 lakh in stamp duty and ₹30,000 in registration fees at the time.
The value of this unit has increased by approximately 90 percent in seven years, which is considered a b growth in the property market. The premium location, high-end project, and high demand due to connectivity have continuously increased the flat's value.
Details of the Second Property Deal
Akshay Kumar's second property is a smaller studio unit with a carpet area of 252 square feet. It was sold for ₹1.35 crore. This unit was also purchased in 2017, when its price was just ₹67.90 lakh. This signifies a 99 percent increase in the property's value over seven years.
Stamp duty of ₹6.75 lakh and registration fees of ₹30,000 were paid on this unit. The market value increased rapidly due to the property's location and the limited number of available units.
Status of Other Deals in Sky City
According to a report by real estate portal Square Yards, nearly 100 property deals have been registered in Sky City between August 2024 and July 2025. The total value of these transactions is approximately ₹428 crore. The average resale price of residential units in this project is around ₹47,800 per square foot.
This project is one of the few residential projects where the number of celebrity investors is steadily increasing. In May 2024, Amitabh Bachchan and Abhishek Bachchan also purchased several properties in this project, further enhancing Sky City's brand value.
Details of Property Buyers Currently Confidential
Information about the buyers of these two units is not available in the documents, but real estate experts believe that these deals were made by high-net-worth individuals (HNIs) or business investors. In areas like Borivali East, the trend of property investment is no longer limited to buying a home but is also being viewed from an investment return perspective.
Timeline of Registration and Stamp Duty
Both properties were registered in June 2025. Information about these deals came to light based on an analysis of real estate documents available on the Maharashtra government's registration website, igrmaharashtra.gov.in.
Stamp duty and registration fees were paid on time, clarifying that the deal was completely legal and under government supervision.
The Relationship Between Bollywood Stars and Real Estate
Bollywood stars have long been active in Mumbai's real estate sector. While some stars buy properties for investment purposes, others periodically re-organize their portfolios. Akshay Kumar, who has been involved in several property deals in the past, is once again in the headlines for his latest deal.
There are various speculations in the market regarding this sale, but no official statement has been issued by the actor or his team so far.
Sky City Project Considered Important from an Investment Perspective
Given the hundred-plus property transactions in Sky City, celebrity investments, and steadily increasing price trends, this project has become an important hotspot for investors. This residential project in the north-western part of the city is rapidly gaining popularity among mid and high-end property buyers.
