After Jeetendra, Akshay Kumar Hits JACKPOT, Sells Two Apartments for Rs…
The bustling world of Mumbai real estate has once again seen a star-studded transaction that’s turning heads. Following in the footsteps of actor Jeetendra, Akshay Kumar has made headlines with a significant real estate move, capitalizing on the booming property market. This time, it’s all about his lucrative dealings in the Oberoi Sky City, Borivali East.
Oberoi Sky City is a premium project developed by Oberoi Realty and has consistently wooed high-value transactions. Spanning from August 2024 to July 2025, this single project has accumulated an impressive Rs 428 crore in sales across 100 units, with resale rates soaring around Rs 47,800 per sq ft.
Akshay Kumar recently sold two adjacent apartments here, marking another successful chapter in his real estate portfolio. Acquired in 2017 for Rs 3.69 crore, these properties have appreciated substantially, showcasing a nearly 92% increase over eight years. The deal was officially registered with all necessary legalities sorted.
Specifically, the first unit, a spacious 1,101 sq ft flat inclusive of two car parking spots, was sold for an impressive Rs 5.75 crore. This sale commanded a stamp duty of Rs 34.50 lakh, accompanied by Rs 30,000 in registration charges. Next to this unit, a 252 sq ft studio apartment was sold for Rs 1.35 crore, doubling its original purchase price of Rs 67.90 lakh. The associated stamp duty for this transaction was Rs 6.75 lakh.
The lucky buyers of these prized properties, as per the official paperwork, are Pravin and Sabita Shetty. Details surrounding the transaction highlight the growing demand and high value of properties in this area.
The parties involved have remained silent, with no official comments coming from Akshay Kumar or the Shetty duo, but the figures on paper speak volumes about the lucrativeness of Mumbai’s real estate sector.
Interestingly, this recent sale is part of a larger narrative where Akshay Kumar has been actively engaging in the real estate market. Over the past seven months, he has divested at least eight real estate assets, both residential and commercial, across various prime localities like Borivali, Worli, and Lower Parel, garnering returns exceeding ₹110 crore.
The series of transactions have piqued the interest of industry insiders who are keenly observing the evolving strategies and investments by celebrities in Mumbai’s ever-dynamic property landscape. Although there isn’t an official statement regarding the reasoning behind these sales, speculation abounds regarding strategic investment plays or perhaps further investments in other high-value areas.
Mumbai’s real estate market continues to be a playground for the wealthy, especially with celebrities like Akshay Kumar making significant moves. As this trend continues, the industry eagerly awaits which star might make the next big sale or purchase, reinforcing the intertwined nature of stardom and real estate prowess.
Stay tuned for more developments as the world of high-stakes property investments continues to evolve, with celebrities leading the charge.
