Jeetendra Kapoor Family Sells Valuable Andheri Plot to NTT Data for Rs 855 Crore
Veteran Bollywood actor Jeetendra Kapoor and his family have sold a prime 2.39-acre land parcel in Andheri, Mumbai, to NTT Data for Rs 855 crore. The deal was executed through family-owned entities and marks a significant real estate transaction in the city.
Real EstateJeetendra KapoorNtt DataAndheriMumbaiReal Estate MumbaiJun 05, 2025
The buyer, NTT Global Data Centers & Cloud Infrastructure India Private Limited, a subsidiary of the Japanese telecommunications giant NTT, acquired the 2.39-acre property that currently houses Balaji IT Park. The deal includes three constructed buildings spread across a built-up area of approximately 4.9 lakh sq. ft.
The site is located in one of Mumbai’s most strategically important commercial belts, with access via the Western Express Highway, Link Road, SV Road, and the Versova-Andheri-Ghatkopar Metro corridor. This prime location makes the property highly valuable for future development and expansion.
As per records available on the Maharashtra Inspector General of Registration (IGR) website, the transaction involved a stamp duty payment of Rs 8.69 crore and registration charges of Rs 30,000. This reflects the significant value and importance of the property in the real estate market.
NTT Global, formerly known as Netmagic IT Services, offers a wide range of technology services including cloud solutions, data hosting, application development, cybersecurity, and content delivery. The acquisition aligns with its plans to expand digital infrastructure in India amid rising demand for cloud and data services. This move is expected to strengthen NTT's position in the Indian market and support the growing need for advanced digital solutions.
The sellers—Pantheon Buildcon and Tusshar Infra Developers—are companies backed by the Kapoor family. Jeetendra Kapoor, an iconic name in Hindi cinema, has appeared in over 200 films across his six-decade-long career. His daughter Ekta Kapoor, a prominent television and film producer, currently serves as Joint Managing Director of Balaji Telefilms. His son Tusshar Kapoor is also active in the entertainment industry as an actor and producer.
This transaction not only highlights the family's strategic business acumen but also underscores the ongoing trend of real estate consolidation and development in key urban areas. The Kapoor family’s decision to sell the plot to a global technology giant like NTT Data demonstrates their commitment to aligning with the evolving landscape of the Indian market.
The sale of the Andheri plot is a significant milestone in the real estate and technology sectors, reflecting the growing importance of strategic partnerships and the integration of advanced technology in urban development. It also highlights the potential for further growth and investment in the region, driven by the increasing demand for digital infrastructure and services.
Frequently Asked Questions
Who is Jeetendra Kapoor?
Jeetendra Kapoor is a veteran Bollywood actor with over 200 films in his six-decade-long career. He is also the father of prominent film and television producer Ekta Kapoor and actor-producer Tusshar Kapoor.
What is NTT Global Data Centers & Cloud Infrastructure India Private Limited?
NTT Global Data Centers & Cloud Infrastructure India Private Limited is a subsidiary of the Japanese telecommunications giant NTT. It offers a wide range of technology services including cloud solutions, data hosting, application development, cybersecurity, and content delivery.
What was the selling price of the Andheri plot?
The Andheri plot was sold for Rs 855 crore to NTT Global Data Centers & Cloud Infrastructure India Private Limited.
What is the size of the land parcel sold?
The land parcel sold is 2.39 acres and includes three constructed buildings with a built-up area of approximately 4.9 lakh sq. ft.
Why is the location of the Andheri plot significant?
The Andheri plot is located in one of Mumbai’s most strategically important commercial belts, with access via the Western Express Highway, Link Road, SV Road, and the Versova-Andheri-Ghatkopar Metro corridor, making it highly valuable for future development.
Related News Articles
Maharashtra's Real Estate Market Sees Upsurge in Property Registrations
Maharashtra's real estate market experiences a boost in property registrations and revenue despite unchanged RR rates, indicating a shift towards high-value transactions.
Top Stock Picks for Short-Term Gains: Bajaj Finserv, HDFC Life, HDFC Bank, and LIC Housing Finance
Market tech analysts Soni Patnaik, Mitessh Thakkar, and F&O analyst Rajesh Palviya recommend these stocks for short-term gains.
3 Financial Stocks Show Promise, Real Estate Overhyped: Samir Arora
Samir Arora, Founder of Helios Capital, highlights the potential of some NBFCs and microfinance companies, while expressing concerns about the real estate sector being overdone. He believes that HDFC Bank, Kotak Bank, and Bajaj Finance, which have underpe
NBT Office Relocation and Pune Book Festival Expected to Draw 7.5 Lakh Visitors
The National Book Trust (NBT) is set to shift its office to the city, a move that coincides with the highly anticipated Pune Book Festival. The festival, expected to attract 7.5 lakh visitors, is a significant cultural event that showcases a wide array of
Metro Brands Promoters Acquire Five Luxury Apartments in Mumbai's Worli for ₹405 Crore
The promoters of footwear retailer Metro Brands have made a significant investment in Mumbai's luxury real estate market by purchasing five apartments in the Worli area for ₹405 crore. These apartments are located in one of the city's tallest buildings, P
Maharashtra Real Estate: Majority of Developers Update Project Details for MahaRERA Compliance
A significant number of real estate developers in Maharashtra have taken steps to improve their compliance with the Maharashtra Real Estate Regulatory Authority (MahaRERA) by updating their project details. This move reflects a growing commitment to trans