Latest news with #SkyCity
Hindustan Times
3 days ago
- Business
- Hindustan Times
Akshay Kumar sells two apartments in Mumbai's Borivali for ₹7.10 crore, earning over 90% ROI
Bollywood actor Akshay Kumar has sold two adjoining residential apartments in Mumbai's Borivali East for ₹7.10 crore, according to property registration documents reviewed by SquareYards. Mumbai real estate update: Bollywood actor Akshay Kumar has sold two adjoining residential apartments in Mumbai's Borivali East for ₹ 7.10 crore. (HT Files) Akshay Kumar purchased the two apartments in 2017 for ₹3.69 crore, and documents show that they have fetched 92% returns in the last eight years. Documents show that the two apartments are in a building called Oberoi Sky City, constructed by the listed real estate developer Oberoi Realty. According to the property registration documents, Akshay Kumar sold the first property valued at ₹5.75 crore. It has a carpet area of 1,101 sq ft and two car parking spaces. The transaction involved a stamp duty payment of Rs. 34.50 lakh and registration charges of Rs. 30,000. The documents show that Akshay Kumar sold both apartments to Pravin Shetty and Sabita Shetty. Also Read: ₹8.5 crore for a 5 BHK apartment in Mumbai's Borivali sparks social media reactions According to Squareyards, Akshay Kumar purchased the property in 2017 for Rs. 3.02 crore, which has since appreciated by 90%. The second transaction includes a 252 sq ft studio apartment sold for ₹1.35 crore. The second transaction incurred a stamp duty payment of ₹6.75 lakh and registration charges of ₹30,000. Akshay Kumar purchased the property in 2017 for Rs. 67.90 lakh, which has since appreciated by 99%, SquareYards said. According to Square Yards Data Intelligence, Oberoi Sky City has recorded 100 sale registrations with a total transaction value of ₹428 crore from August 2024 to July 2025. The average resale property price in the project stands at Rs. 47,800 per sq ft. Akshay Kumar and the buyers could not be reached for comment. Also Read: Top real estate deal in Mumbai's suburbs: 4 BHK apartment in Borivali sells for ₹14 crore at ₹56,000 per sq ft Akshay Kumar is on a real estate selling spree Bollywood actor Akshay Kumar has sold at least eight property units in the Mumbai real estate market over the past seven months, earning returns of over ₹110 crore. The sales include luxury apartments and commercial office spaces in prime locations such as Borivali, Worli, and Lower Parel. In January 2025, Akshay Kumar sold a 1,073 sq. ft. apartment in Mumbai's Borivali area for ₹4.25 crore. On January 31, 2025, Akshay Kumar and Twinkle Khanna sold their luxury apartment in the Oberoi 360 West project, located in Mumbai's Worli, for ₹80 crore, according to documents accessed by IndexTap. Also Read: Check out Akshay Kumar's return on investment from the sale of six properties in Mumbai Akshay Kumar sold another apartment in Borivali East for ₹4.35 crore. The deal was registered on March 8, 2025. The 1,073 sq. ft. apartment, which includes two car parking spaces, delivered an 84% return on investment. According to property registration documents reviewed by Square Yards, in March 2025, Kumar sold two additional apartments in Mumbai's Borivali area for a combined ₹6.60 crore. Purchased in 2017, both properties yielded an 89% return on investment. In April 2025, Akshay Kumar sold a commercial office space in Lower Parel for ₹8 crore in April 2025. He had purchased the unit in 2020 for ₹4.85 crore, earning a 65% return.
Business Upturn
3 days ago
- Entertainment
- Business Upturn
Akshay Kumar sells two properties in Borivali East, Mumbai for Rs 7.10 crore; Full details inside
Bollywood superstar Akshay Kumar has sold two residential properties in Mumbai's Borivali East for a combined amount of ₹7.10 crore, as per property registration documents reviewed by Square Yards on the IGR Maharashtra portal. The deals were registered in June 2025 and involve adjoining apartments in the premium Oberoi Sky City project. Located in Borivali East—an emerging residential hub in Mumbai known for its green spaces and strong connectivity—the properties are part of a ready-to-move-in development by Oberoi Realty. The Sky City project spans 25 acres and offers 3BHK, 3BHK+Studio, and Duplex apartments. It also boasts proximity to Sanjay Gandhi National Park and seamless access to Goregaon, Malad, and other key areas via Western Express Highway and Metro Line 7. According to registration data: The first property , measuring 1,101 sq. ft., was sold for ₹5.75 crore and includes two parking spots. It attracted a stamp duty of ₹34.50 lakh and registration charges of ₹30,000. Akshay Kumar had bought the unit in 2017 for ₹3.02 crore, marking a 90% increase in value. The second property, with a carpet area of 252 sq. ft., was sold for ₹1.35 crore, incurring ₹6.75 lakh in stamp duty and ₹30,000 in registration fees. Originally purchased for ₹67.90 lakh in 2017, it appreciated by 99%. Square Yards Data Intelligence shows Oberoi Sky City has recorded 100 resale transactions between August 2024 and July 2025, with a cumulative value of ₹428 crore. The average resale price in the project stands at ₹47,800 per sq. ft. Interestingly, Bollywood veterans Amitabh Bachchan and Abhishek Bachchan also invested in Oberoi Sky City in May 2024, according to Square Yards' analysis of IGR data. Akshay Kumar, a recipient of the Padma Shri and National Film Award for Best Actor (2017), continues to make strategic real estate decisions alongside his thriving film career. His property sales reflect the growing appeal of Borivali East as a high-potential investment destination in Mumbai. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
South China Morning Post
6 days ago
- Business
- South China Morning Post
Hong Kong seeks new partner to get 11 Skies back on track amid New World's debt: sources
Airport Authority Hong Kong is in talks with New World Development (NWD) to get a massive commercial property project at the heart of Hong Kong's international airport back on track, according to several sources familiar with the matter. Advertisement The authority is considering the option of seeking a new partner to undertake and complete the work at 11 Skies shopping centre, which was awarded in 2018, the sources said. The financial terms of the move are still under negotiation, they said, declining to be identified for discussing a confidential matter. The move, viewed as a win-win solution for both parties, would offer relief to NWD, which is undergoing the biggest debt workout in three generations of ownership by the Cheng family. For the authority, it ensures that the city's status as an aviation and tourism hub is shielded from the developer's debt woes. The major sticking point in the talks is the potential compensation due to the authority for the 40-year contract, one of the sources said. NWD is under contract to pay the authority HK$1.8 billion (US$229.3 million) every year in guaranteed rent, the sources said. The authority's press office and spokespeople at NWD did not respond to requests for comment. The blueprint for Airport City – including 11 Skies – was first unveiled in 2019. Photo: Airport Authority of Hong Kong The project, with 3.8 million sq ft (353,000 square metres) of gross floor area, is part of the airport authority's SkyCity master plan , which combines shopping, entertainment, dining, commercial offices and several hotels in a 25 hectare (61.8 acre) area to undergird Hong Kong's status as Asia's aviation and international travel hub. The talks are focused on the retail, dining and entertainment space of 11 Skies, according to a source. The project also features three office towers that are not within the scope of discussion.
NZ Herald
22-07-2025
- Business
- NZ Herald
SkyCity applies for 15-year Queenstown casino licence renewal
New Zealand Police backed the licence renewal, citing people and companies with influence over the operations, submitted with the application. That named SkyCity chairman Julian Cook, CEO Jason Walbridge, general counsel and company secretary Jo Wong, director Katherine Hughes, corporation communications chief Nirupa George, COO Callum Mallett, SkyCity Entertainment Group and SkyCity Casino Management. SkyCity chair Julian Cook. Photo / Cameron Pitney 'There are no relevant matters that should be brought to the attention of the Gambling Commission in relation to these people from Queenstown Casinos,' the police submission said of the longer list which named others too. Te Tari Taiwhenua Department of Internal Affairs said Queenstown is New Zealand's smallest casino. Management followed the same harm minimisation procedures implemented in SkyCity Auckland Casino. Due to its limited size, it had only a small number of gaming machines and tables which afforded most staff a clear line of sight to almost all visitors, the department said. This contributed to more effective oversight and adherence to identifying and responding to gambling harm signs. SkyCity will report its full year result in August. The casino generated relatively low revenue, especially since Covid and the end of junkets, Internal Affairs noted. Internal Affairs had no compliance concerns over the operation, which has now introduced carded play. Staff from there visit every three months and found the casino management to be responsive to any matters raised. Interviews with staff showed they had a clear understanding of harm prevention and minimisation, and the department received few complaints about the casino, it said. The department did standard checks of people and companies identified as having a significant influence. That included checking its own internal databases, New Zealand Companies Office records, insolvency, credit and NZ Police checks. 'We have not identified any matters of concern relating to the suitability of any of these persons,' the department said. Nor did the Companies Office or the Insolvency and Trustee Service raise any concerns about the people of influence named in the application. Queenstown has New Zealand's smallest casino. Photo / NZME The casino's host responsibility programme showed it aimed to prevent problem gambling and provide effective staff training. The licence expires in December, so if it is renewed it will run until 2040. Amanda Youell, Queenstown general manager, told the Herald independent experts did a social and economic impact assessment for the renewal application. SkyCity casinos are in Auckland, Hamilton, Queenstown and Adelaide. In February, the first conferences are due to be held at its $1 billion-plus NZ International Convention Centre in Auckland. The Gambling Commission has also posted details of licence renewal applications by the Dunedin and Christchurch casinos. Last year, SkyCity shut its Auckland casino for five days after an Internal Affairs prosecution for breaches of host responsibility during five years. The shutdown cost the casino an estimated $1 million a day, and was the first voluntary casino closure in New Zealand history. The company said it reached an agreement with the secretary for Internal Affairs to resolve an application to temporarily suspend its casino operator's licence. Next month, the company will announce its full-year result to June 30, 2025. Last year, it made a $143.3m net loss after tax, citing a tough operating environment. Chief executive Jason Walbridge referred to 'a very challenging financial year'. He said a soft economy, cost-of-living pressures here and in Australia and various regulatory matters had impacted the business. That result was for the year to June 30, 2024. Anne Gibson has been the Herald's property editor for 25 years, written books and covered property extensively here and overseas.
NZ Herald
20-07-2025
- Entertainment
- NZ Herald
Relax, Dine And Dream At The Ultimate Winter Escape
SkyCity's two-night winter package deal will entice you to experience Auckland as you never have before. It's about this time of year we start hankering for respite from winter hibernation – a luxurious urban excursion that combines relaxation, delicious food and pampering. All of which makes the Winter Escapes package at The Grand by SkyCity or its contemporary sister hotel Horizon by SkyCity sound so appealing. From now until the end of September, guests can enjoy two nights at one of SkyCity's five-star hotels for $599, including $150 credit to use at any of SkyCity's restaurants, admission to the Sky Tower (including a welcome drink at The Lookout on level 53), and even valet parking. Two adults can stay in a Grand King room at The Grand by SkyCity or a Superior Room at Horizon by SkyCity, a complimentary room upgrade to the next available room type and Fed Deli popcorn as a welcome amenity in your room. SkyCity is an iconic central perch from which to enjoy all that our vibrant biggest city has to offer, whether that's shopping, dining or activity-based. But even for locals used to commuting into the city, the iconic destination offers a chance to experience the dynamic urban environment at a leisurely pace, says SkyCity Director of Hotels Michael Anderson. 'It's an opportunity to be a tourist in your own city. You really get to make the most of some of the amazing restaurants, bars, hotels and experiences that we offer that you might not traditionally think about because you live and work here.' The Grand, which has just celebrated its 20-year anniversary, is a fitting place to celebrate a special occasion or romantic weekend, as guests are treated to understated luxury and elegance. With the renowned East Day Spa on site and five-star service from the moment you walk in, the hotel's guest relations team are adept at making a stay extra special. Those seeking a contemporary five-star vibe will find it at the ultra-modern Horizon by SkyCity, across the road from the Sky Tower on Hobson Street. The hotel, now a year old, is not only architecturally striking, but has thoughtfully and intuitively designed spaces. As a hub of entertainment, SkyCity has more than 15 restaurants and bars at which to spend your package voucher, exploring top modern cuisine from around the globe, whether it's Indian at Cassia, Japanese at MASU by Nic Watt or Chinese at Huami. Given the under-cover connectivity between hotels and the majority of the restaurants located inside the SkyCity building, winter weather is unlikely to rain on a potential progressive drinks experience. Nor a culinary one, sampling appetisers on your way to dinner, and later, heading somewhere new for dessert. Whet your appetite with the infamous sliders at Al Brown's iconic Depot; enjoy a hearty beef scotch with palusami at Michael Meredith's award-winning Metita before moving onto Orbit for spiced apple and date pudding, while overlooking the cityscape at night from 52 levels up. 'There's a fantastic light display on at the precinct at the moment,' says Michael, 'but one thing I think is really nice to do on a crisp winter day is to walk around the Viaduct and Wynyard Quarter and take in those lovely views over the harbour.' Immersive daytime activities are also part of the SkyCity hub, with the All Blacks Experience and Weta Workshop Unleashed within the precinct. And Auckland has plenty going on this winter, including the Auckland Art Gallery's major contemporary exhibition A Century of Modern Art featuring works by Picasso, Monet and Van Gogh, until the end of September. 'The package enables you to come and experience the best of what SkyCity has to offer,' says Michael, 'and to enjoy a little bit of your own backyard through a different lens'. Book a Winter Escapes package at Package valid for up to two adults for a two-night stay in a Grand King room at The Grand by SkyCity or a Superior King room at Horizon by SkyCity for stays from 1 July – 30 September. Bookings are subject to availability; blackout dates will apply. All package elements must be redeemed during the stay and cannot be transferred or exchanged for cash. You will be responsible for all incidental charges and costs (excluding any package inclusions), including travel to and from SkyCity Auckland and all in-room hotel services provided throughout your stay. The complimentary room upgrade to the next room type will be strictly subject to availability on check-in. If upgrade is not available upon check-in, no substitute benefits will be provided. $150 dining credit can be used at any SkyCity Auckland restaurants (including available breakfast offerings). Where applicable, bookings are recommended. Valet parking is for one car per room per day (multiple entry and exits allowed). Sky Tower admission and two drinks at Level 53 The Lookout to the value of $24 must be redeemed in the same visit. R18 for the service of alcohol. No alcohol and low alcohol options available. The Sky Tower may be closed from time to time due to adverse weather conditions. A credit card and contactless payment surcharge of 1.8% will apply for any incidental expenses
