After Jeetendra made waves by selling a Rs 855 crore land parcel in Andheri to NTT Global Data Centers, it seems Akshay Kumar is following suit. The Khiladi star is playing a different kind of game, this time on Mumbai’s property board. Akshay Kumar has just sold two adjacent apartments in Borivali East for a whopping Rs 7.10 crore. Purchased in 2017 for Rs 3.69 crore, the homes, located in Oberoi Sky City, have appreciated by 92% in just eight years. The deal, according to SquareYards, was registered recently with all the stamp duties and paperwork in place.
The first unit, a spacious 1,101 sq ft flat with two car parks, went for Rs 5.75 crore. This alone drew a stamp duty of Rs 34.50 lakh, plus Rs 30,000 in registration charges. Right next to it was a 252 sq ft studio apartment, sold for Rs 1.35 crore, again nearly double the original purchase price of Rs 67.90 lakh. The stamp duty on this was Rs 6.75 lakh.
Both units were bought by Pravin and Sabita Shetty, as per the official documents.
Who’s buying, and how big is the demand?
The apartments are part of Oberoi Sky City, a premium project by Oberoi Realty. From August 2024 to July 2025, this single project has clocked Rs 428 crore in sales across 100 units, with the going resale rate at around Rs 47,800 per sq ft.
The names involved in these recent deals (buyer or seller) aren’t speaking; no comments yet from Akshay or the Shettys. But the paper trail speaks volumes.
Is this part of a larger trend?
Absolutely. This isn’t an isolated sale; it’s part of a pattern. In the last seven months alone, Akshay has sold at least 8 real estate assets, both residential and commercial, across Borivali, Worli, and Lower Parel, raking in returns of ₹110 crore+.
Some key transactions:
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In Jan 2025, a 1,073 sq ft Borivali apartment went for Rs 4.25 crore.
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Jan 31, 2025: Akshay and wife Twinkle Khanna sold a luxury sea-facing apartment at Oberoi 360 West, Worli, for a jaw-dropping Rs 80 crore.
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In March 2025, another Borivali East apartment was sold for Rs 4.35 crore (84% ROI). Two more units fetched Rs 6.60 crore combined.
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In April 2025, he sold a commercial office in Lower Parel for Rs 8 crore, bought just five years ago at Rs 4.85 crore.
So… why the selling spree?
That’s the million-dollar (or Rs 110-crore) question. No official word yet, but industry insiders are watching closely.
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