Bollywood actor Akshay Kumar and his wife Twinkle Khanna have sold their luxury apartment in Mumbai’s upscale Worli locality for Rs. 80 crore. The high-end property, spanning a carpet area of 6,830 sq. ft., is situated on the 39th floor of one of the towers in the prestigious Three Sixty West development on Dr. Annie Besant Road. The transaction also includes exclusive rights to four car parking slots within the building.
The deal, which was registered on January 31, has attracted a stamp duty of Rs. 4.80 crore, as per property registration documents accessed through IndexTap.com. Akshay Kumar originally purchased the apartment in August 2015 for Rs. 27.95 crore before transferring ownership to Twinkle Khanna in September 2015 for Rs. 32 crore.
Three Sixty West is a luxury mixed-use development featuring two towers, one of which houses The Ritz-Carlton Hotel, while the other comprises high-end residences managed by The Ritz-Carlton. The project is considered among Mumbai’s most premium addresses, attracting a clientele of high-net-worth individuals (HNIs).
This transaction is part of a broader trend of high-value property sales by HNIs, including Bollywood celebrities, which can be attributed to price appreciation over the past few years, strategic tax planning through capital gains offset, or a combination of both. The real estate market continues to be a preferred investment avenue for affluent individuals, with many Bollywood celebrities and sports personalities actively investing in premium properties as a wealth-building strategy.