Akshay Kumar Sells Office Property in Mumbai's Lower Parel for ₹8 Cror with 65% Appreciation

Bollywood actor Akshay Kumar has sold an office property in Mumbai’s Lower Parel for ₹8 crore, according to property registration documents accessed by Square Yards. The transaction, registered on April, reflects a 65% return on investment for Kumar, who had acquired the property in 2020 for ₹4.85 crore.

The property is located in One Lodha Place, a commercial development by Macrotech Developers Limited (also known as Lodha Group). The asset sold includes a 1,146 sq ft office unit along with two car parking spaces. The buyers are identified as Vipul Shah and Kashmira Shah. As part of the transaction, stamp duty of ₹48 lakh and a registration fee of ₹30,000 were paid.

This deal is one among several recent property transactions by Akshay Kumar in Mumbai. The actor has reportedly sold real estate assets worth over ₹100 crore in the past few months. These include three apartments in Oberoi Sky City in Borivali, collectively valued at over ₹15 crore, and a luxury apartment in the high-end Oberoi 360 West project, which was sold for ₹80 crore earlier this year.

Lower Parel, where the office is located, is considered a key commercial and residential area in Mumbai. It is situated between business hubs such as Bandra-Kurla Complex (BKC) and Nariman Point, and hosts several high-end developments. Over the years, many public figures and professionals have invested in this area. Data from Square Yards indicates that other Bollywood personalities, including Abhishek Bachchan, Shahid Kapoor, Amish Tripathi, and Manoj Bajpayee, also own properties in Lower Parel.

One Lodha Place, where the office unit was sold, is a commercial project spread across 1.08 acres. It offers a range of office sizes, from 179 sq ft to over 27,000 sq ft. The project has seen a number of transactions over the past year. Between May 2024 and April 2025, eight registered transactions took place in One Lodha Place, amounting to a gross transaction value of ₹618 crore. The average property price in the development is currently estimated at ₹48,000 per sq ft.

Akshay Kumar's decision to sell multiple properties, including high-value assets, has generated interest within Mumbai’s real estate market. While the reasons for the sell-offs have not been officially stated, the transactions indicate a possible restructuring or reallocation of investments. Kumar has not commented publicly on these transactions.

The recent sales also reflect the continued liquidity in Mumbai’s premium and commercial property segments. Despite fluctuations in the broader market, high-value transactions continue to take place, particularly in well-connected locations with developed infrastructure. Lower Parel, with its mix of corporate offices, branded residences, and transport connectivity, remains one of the more active real estate micro-markets in the city.

The transaction involving the office space at One Lodha Place aligns with a pattern observed in Mumbai, where real estate investments made between 2019 and 2021 are now yielding significant returns. Several high-net-worth individuals and celebrities had acquired assets during this period, either as investments or end-use properties. As the market recovers and prices stabilise, many of these buyers are now monetising their holdings.

In addition to Kumar’s transactions, Mumbai has seen a series of high-value property deals over the past year. This includes luxury apartment purchases exceeding ₹100 crore and increased activity in the vicinity of the upcoming Navi Mumbai airport, where professionals including pilots and aviation executives are reportedly investing in plots and villas.

Akshay Kumar, along with his spouse Twinkle Khanna, has been associated with multiple real estate assets across Mumbai. Their earlier transaction involving the Oberoi 360 West apartment remains one of the larger residential deals of the year. The actor's recent property activities, including the latest Lower Parel sale, contribute to ongoing discussions around celebrity investments and the role of premium properties as a financial asset class in urban India.