Bollywood superstar Akshay Kumar has once again made headlines, but this time for his strategic real estate investment. The actor has sold his 1,073 sq. ft. apartment in Mumbai’s Borivali East for a staggering ₹4.35 crore, earning an impressive 84% return on investment (ROI). This transaction highlights the booming real estate market in Mumbai’s suburbs, particularly in the premium housing segment.
The sold property is part of Sky City, a prestigious 25-acre residential development by Oberoi Realty. The project offers a mix of 2BHK, 3BHK, studio, and duplex apartments, catering to a diverse range of homebuyers. The transaction was officially registered on March 8, 2025, according to documents reviewed by Square Yards.
Here’s a breakdown of the transaction:
The Oberoi Sky City project has been experiencing strong market activity. According to Square Yards Data Intelligence, the project recorded 208 sale registrations between March 2024 and February 2025, totaling a whopping ₹818 crore. The average resale price in the project stands at ₹44,577 per sq. ft., reflecting the high demand for premium homes in Borivali.
Akshay Kumar has been actively investing in Mumbai’s real estate market. This is not his first profitable deal in Sky City:
Borivali East, once considered a mid-segment housing locality, is now emerging as a luxury real estate hotspot. The area witnessed one of its most expensive transactions when a 4BHK luxury apartment was sold for ₹14 crore, setting a per sq. ft. record of ₹56,000.
Real estate experts believe Borivali is becoming one of Mumbai’s most sought-after suburban locations, rivaling established prime areas like Andheri, Vile Parle, Dadar, and Mahim. Factors contributing to this growth include:
Akshay Kumar’s latest real estate transaction underscores the strength of Mumbai’s property market, particularly in well-developed suburban areas like Borivali. With luxury projects, rising property values, and increasing buyer interest, Borivali is steadily climbing the ranks as a premium residential destination.
For homebuyers and investors looking to enter Mumbai’s real estate market, Borivali’s Sky City by Oberoi Realty stands as a promising option, as evidenced by high-profile transactions and strong capital appreciation trends.
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