Akshay Kumar Sells Mumbai Apartment for ₹4.35 Crore, Makes 84% Profit: Reports
Real estate investments are often touted as a lucrative option for individuals looking to grow their wealth over time. And, it seems like Bollywood superstar Akshay Kumar has made a significant profit by selling his Mumbai apartment for a whopping ₹4.35 crore. According to reports, the actor had purchased the property in 2017 for ₹2.37 crore, making an impressive 84% profit in just six years.
The apartment in question is located at Oberoi Sky City in Borivali East, a prime residential area in Mumbai. The property is spread over 25 acres, offering stunning views of the city and its surroundings. The sale price of ₹4.35 crore reflects a significant appreciation in the value of the property, making it a lucrative investment for the actor.
Akshay Kumar’s decision to sell the apartment comes as no surprise, considering the high demand for luxury properties in Mumbai. The city is home to many affluent individuals who are willing to pay top dollar for high-end residential properties. In addition, the actor’s profit from the sale of the apartment will likely be used to fund his future projects or investments.
The sale of Akshay Kumar’s apartment is not the first instance of a Bollywood celebrity making a significant profit from a real estate investment. In recent years, several other celebrities have sold their properties for substantial sums of money, often making a tidy profit in the process.
For example, last year, actress Deepika Padukone sold her luxurious apartment in Mumbai’s Worli area for ₹35 crore. The property, which was purchased by Padukone in 2015 for ₹20 crore, made a profit of ₹15 crore in just six years. Similarly, actor Shah Rukh Khan sold his luxurious bungalow in Bandra for ₹150 crore, making a significant profit from the sale.
The appreciation in value of Akshay Kumar’s apartment is not an isolated incident. Mumbai’s real estate market has been experiencing a surge in demand for luxury properties in recent years, driven by the city’s growing population and economic growth. The city’s proximity to the financial hub of Bandra-Kurla Complex and its excellent connectivity to other parts of the city make it an attractive location for professionals and families alike.
The sale of Akshay Kumar’s apartment is also a testament to the actor’s shrewd business acumen. The actor has been known for his smart investments and business ventures, which have helped him build a fortune over the years. From his production company, Hari Om Entertainment, to his various endorsement deals, Kumar has made a name for himself as a savvy entrepreneur.
In conclusion, Akshay Kumar’s sale of his Mumbai apartment for ₹4.35 crore is a significant development in the real estate market. The profit made from the sale is a testament to the actor’s shrewd business acumen and the growing demand for luxury properties in Mumbai. As the city continues to grow and develop, it will be interesting to see how the real estate market evolves and what other opportunities arise for savvy investors.
