Jeetendra and Tusshar Kapoor Sell Mumbai Data Centre for Rs 5.59 Billion
Veteran actor Jeetendra and his son Tusshar Kapoor have made a significant financial move by selling a commercial data centre property in Mumbai's Chandivali suburb. The property, a valuable asset in the bustling IT and data management sector, has been acquired by NTT Global Data Centres for Rs 5.59 billion. This transaction underscores the increasing importance of data centres in India's rapidly growing technology sector.
The data centre, located in the bustling suburb of Chandivali, is a prime location for tech infrastructure. Chandivali, known for its vibrant film industry, has also emerged as a hub for tech and data management companies. The acquisition by NTT Global Data Centres, a leading provider of data centre solutions, is a strategic move to expand their footprint in the Indian market.
NTT Global Data Centres, a subsidiary of NTT Ltd., is a global leader in data centre services, offering a range of solutions including colocation, cloud, and managed services. The company's focus on expanding its presence in India aligns with the country's ambitious digital transformation goals, which aim to strengthen the nation's IT infrastructure and support the growth of tech startups and established corporations alike.
The sale of the data centre property is a testament to the Kapoor family's shrewd business acumen. Jeetendra, a well-known figure in the Indian film industry, has diversified his investments over the years, venturing into various business sectors. His son, Tusshar Kapoor, has also shown a keen interest in business and has been actively involved in several projects. This transaction not only provides a significant financial boost but also positions the Kapoor family to explore new opportunities in the tech and real estate sectors.
Data centres play a crucial role in the digital economy by providing secure and reliable infrastructure for storing and processing vast amounts of data. With the increasing demand for cloud services, big data analytics, and the Internet of Things (IoT), the need for robust data centre infrastructure has never been higher. NTT Global Data Centres' acquisition of the Chandivali property will likely enhance their ability to meet the growing needs of their clients in the region.
The sale of the data centre also reflects the broader trend of technology companies and investors focusing on strategic assets in key locations. Mumbai, as one of India's major economic hubs, is a prime location for such investments. The city's well-developed IT ecosystem, skilled workforce, and proximity to international markets make it an attractive destination for data centre operators.
In conclusion, the sale of the Chandivali data centre property by Jeetendra and Tusshar Kapoor to NTT Global Data Centres is a significant milestone in the Indian tech and real estate sectors. It highlights the growing importance of data centres in supporting the digital transformation of businesses and the economy as a whole. As India continues to invest in its IT infrastructure, we can expect to see more such strategic transactions in the coming years.
