Jeetendra Kapoor Sells Mumbai Land to NTT Global Data Centres for ₹855 Crore
Jeetendra Kapoor and his family-owned firms have sold a prime land parcel in Mumbai’s Andheri to NTT Global Data Centres for ₹855 crore, marking one of the most significant real estate deals of 2025.
Real EstateData CentresMumbaiLand DealJeetendra KapoorReal Estate MumbaiJun 05, 2025
The land parcel, along with the built-up area, has been bought by NTT Global Data Centres & Cloud Infrastructure India, formerly known as Netmagic IT Services. The company operates seven data centres across Mumbai and Navi Mumbai.
According to property registration documents from the Inspector General of Registration (IGR), the transaction comprised two contiguous land parcels spanning a total area of 9,664.68 square metres (sq m), which is equivalent to about 0.96 hectares or 2.39 acres. The site currently houses Balaji IT Park and includes three constructed buildings with a cumulative built-up area of 45,572.14 sq m (~4,90,534 sq ft).
The deal incurred a stamp duty of ₹8.69 crore and registration charges amounting to ₹30,000. This is the most expensive land deal of 2025 so far in Mumbai. The second-most expensive deal featured Rishabraj Estate Developers, where the firm bought 15,551 sq m of land for Rs 539.25 crore in Borivali, in March 2025. In February 2025, Vageshvari Properties bought 1,857.02 sq m of land and 1,848 sq m of built-up area along with it for Rs 276 crore in Malabar, the third-most expensive deal.
The sellers—Pantheon Buildcon and Tusshar Infra Developers—are firms owned by actor Jeetendra Kapoor and his family members. The transaction was registered in May 2025.
Andheri is one of the sought-after residential and commercial real estate micro-markets in Mumbai. Meanwhile, Mumbai ranks sixth globally in under-construction data centre capacity, surpassing global hubs such as London and Dublin, according to a report by Cushman & Wakefield, a global commercial real estate services provider.
The report further states that Mumbai ranks as the seventh most established data centre market in the APAC region. At the end of 2024, the city had 335 megawatts (MW) of data centre capacity under construction, which, once completed, will expand its operational capacity by 62 per cent. Mumbai also accounts for 42 per cent of India’s projected under-construction capacity. Digital infrastructure upgrades in the city further support the growth of data centres.
Frequently Asked Questions
Who are the sellers of the land parcel in Andheri?
The sellers of the land parcel in Andheri are Jeetendra Kapoor and his family-owned firms, Pantheon Buildcon and Tusshar Infra Developers.
What is the total area of the land parcel sold?
The total area of the land parcel sold is 9,664.68 square metres, which is equivalent to about 0.96 hectares or 2.39 acres.
How much did the land deal cost?
The land deal cost ₹855 crore.
What is the significance of Andheri in Mumbai's real estate market?
Andheri is one of the sought-after residential and commercial real estate micro-markets in Mumbai, known for its prime location and growing infrastructure.
What is Mumbai's ranking in global data centre capacity?
Mumbai ranks sixth globally in under-construction data centre capacity, surpassing global hubs such as London and Dublin.
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