Bollywood superstar Akshay Kumar has reportedly earned a significant profit by selling two adjoining residential properties in Mumbai’s Borivali East for a combined total of Rs 7.1 crore.
A Lucrative Deal in Mumbai
Akshay Kumar recently sold two residential units located within the prestigious Oberoi Sky City project in Borivali East. The transactions, valued at Rs 7.10 crore in total, were registered in June 2024.
These sales highlight the booming real estate market in Mumbai, particularly in areas like Borivali East. This locality is known for its green spaces, improving infrastructure, and excellent connectivity via metro and roads, making it a desirable location for residents and investors alike.
Significant Returns on Investment
The actor had acquired both properties in 2017. One unit, spanning 1,101 sq. ft., was originally purchased for Rs 3.02 crore and was sold for Rs 5.75 crore, showing an impressive 90% appreciation.
The second property, a smaller unit of 252 sq. ft., was bought for Rs 67.90 lakh and sold for Rs 1.35 crore. This particular sale yielded a remarkable 99% appreciation in value over seven years.
Akshay Kumar’s Smart Property Portfolio
These recent sales are part of a series of successful real estate dealings for the 57-year-old actor. Earlier in March, he sold another apartment in Borivali East for Rs 4.35 crore, which he had bought for Rs 2.37 crore in 2017, generating an 84% profit.
In April, Akshay also offloaded a commercial office property in Mumbai’s Lower Parel for Rs 8 crore, securing a 65% return on that investment. These transactions underscore his astute approach to real estate investments.
What’s Next for the Star
While making headlines in the property market, Akshay Kumar continues to be a busy figure in Bollywood. He was last seen in Tarun Mansukhani’s “Housefull 5.”
Fans can look forward to a packed schedule for the actor, with several exciting projects in the pipeline. His upcoming films include “Bhooth Bangla,” “Hera Pheri 3,” “Welcome To The Jungle,” “Jolly LLB 3,” and “Haiwaan.”
- Akshay Kumar sold two Borivali East properties for a total of Rs 7.1 crore.
- One property saw a 90% appreciation, while the other achieved a 99% gain.
- These sales are part of his recent profitable real estate transactions in Mumbai.
- Borivali East’s connectivity and green surroundings contribute to its high property value.
Akshay Kumar’s real estate ventures continue to be as successful as his film career, proving his business acumen beyond the silver screen.
