Akshay Kumar sells Mumbai apartment for Rs 4.25 cr

Bollywood star Akshay Kumar has sold his apartment in Borivali East, Mumbai for Rs 4.25 crore, according to Square Yards.

In a statement released on Friday, real estate advisory firm Square Yards announced that it has examined the property registration documents associated with this deal. The property sold by Akshay Kumar is located in Sky City, which is developed by Oberoi Realty and encompasses 25 acres.

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“An apartment purchased by Kumar in November 2017 for Rs 2.38 crore was recently sold for Rs 4.25 crore, reflecting a 78 per cent appreciation in value,” Square Yards said.

The apartment features a carpet area of 1,073 square feet and includes two car parking spaces.

The transaction incurred a stamp duty payment of Rs 25.5 lakh and registration charges of Rs 30,000. 

NEWS SOURCES REDIFF