Jeetendra and Tusshar Sell Mumbai Data Centre for Rs 5.59 Billion

In a major real estate transaction, Jeetendra and Tusshar have sold their Mumbai data centre for Rs 5.59 billion. The deal, facilitated by real estate consultant Square Yards, underscores the increasing value and importance of data centres in the tech-driven economy.

The asset, located in Balaji IT Park, is a state-of-the-art facility designed to meet the high standards of data storage and processing. The sale comes at a time when demand for data centres is soaring, driven by the rapid growth of cloud computing, big data, and the Internet of Things (IoT). According to industry experts, the Indian data centre market is expected to grow significantly over the next few years, driven by the increasing adoption of digital technologies and the government's push for digital transformation.

Square Yards, the real estate consultant that facilitated the deal, has a strong track record in handling complex transactions in the commercial and industrial real estate sectors. The company’s expertise in understanding market dynamics and matching the right buyers with the right assets played a crucial role in the successful completion of this deal.

Jeetendra and Tusshar, known for their investments in various tech and real estate ventures, expressed their satisfaction with the sale. 'This sale is a testament to the strategic value of our data centre and the growing demand for such facilities in Mumbai,' said Jeetendra. 'We are confident that the new owners will continue to leverage the asset's potential to meet the evolving needs of the tech industry.'

The buyer, who remains undisclosed, is expected to further enhance the facility's capabilities and expand its services to cater to the growing demand for data storage and processing solutions. The acquisition is likely to strengthen their position in the highly competitive data centre market.

The sale of the Mumbai data centre also reflects the broader trend of investors and developers focusing on tech infrastructure. As more companies move towards digital transformation, the need for reliable and secure data storage solutions is becoming increasingly critical. Data centres are no longer just support infrastructure but are now considered strategic assets that can provide significant returns on investment.

The Indian government's initiatives to promote digital technologies, such as the Digital India program, have further fueled the growth of the data centre market. These initiatives aim to create a robust digital ecosystem that can support the country's economic development and technological advancement. As a result, the demand for data centres is expected to remain strong, making them attractive investments for both domestic and international players.

In conclusion, the sale of the Mumbai data centre by Jeetendra and Tusshar for Rs 5.59 billion is a significant milestone in the Indian real estate and tech sectors. It highlights the growing importance of data centres and the potential they hold for driving economic growth and technological innovation.