Jeetendra Kapoor's Family Sells Mumbai Land to NTT Global Data Centers for Rs 855 Cr
Bollywood actor Jeetendra Kapoor and his family-owned firms, Pantheon Buildcon Pvt Ltd and Tusshar Infra Developers Pvt Ltd, have sold land parcels and built-up area in Andheri, Mumbai, for Rs 855 crore. The buyer is NTT Global Data Centers & Cloud Infrastructure India Private Limited, formerly known as Netmagic IT Services Pvt Ltd. This transaction was registered in May 2025 and reviewed by real estate consultant Square Yards.
The deal involves two contiguous land parcels spanning a total area of 9,664.68 square metres (0.96 hectares or 2.39 acres). The site currently houses Balaji IT Park, which includes three constructed buildings with a cumulative built-up area of 45,572.14 square metres (around 4,90,534 sq ft).
The transaction incurred a stamp duty of Rs 8.69 crore and registration charges of Rs 30,000. This significant sale underscores the ongoing interest in prime real estate in Mumbai, particularly in areas like Andheri, which are strategically located and offer excellent infrastructure and connectivity.
Jeetendra Kapoor, a veteran Bollywood actor, is known for his contributions to the Indian film industry. His family's involvement in real estate through firms like Pantheon Buildcon Pvt Ltd and Tusshar Infra Developers Pvt Ltd highlights their diversified business interests. The sale of this property marks a significant financial move for the Kapoor family and opens up new opportunities for NTT Global Data Centers in expanding their data center infrastructure in India.
NTT Global Data Centers, a leading provider of data center services, is expected to use the acquired land and built-up area to enhance its data center capabilities in Mumbai. This strategic acquisition aligns with the company's broader plans to invest in and develop state-of-the-art data centers across India, catering to the growing demand for robust and reliable data infrastructure.
The real estate market in Mumbai continues to attract significant investments, driven by the city's status as a financial and commercial hub. The sale of the Balaji IT Park property is a testament to the enduring value of well-located commercial properties in the city. As the demand for high-quality office and data center spaces grows, more such transactions are likely to take place, further boosting the real estate sector in Mumbai.
In conclusion, the sale of the land and built-up area in Andheri by Jeetendra Kapoor's family to NTT Global Data Centers is a notable development in the Mumbai real estate market. It reflects the ongoing interest in prime commercial properties and the strategic investments being made by global data center providers to meet the growing demand for data infrastructure in India.
