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 have sold a significant piece of land in Andheri, Mumbai, to NTT Global Data Centers for Rs 855 crore. The deal includes land parcels and built-up area of Balaji IT Park.
Real EstateMumbaiJeetendra KapoorNtt Global Data CentersBalaji It ParkReal EstateJun 05, 2025
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.
Frequently Asked Questions
Who are the sellers of the land in Andheri, Mumbai?
The sellers of the land in Andheri, Mumbai, are Jeetendra Kapoor and his family-owned firms, Pantheon Buildcon Pvt Ltd and Tusshar Infra Developers Pvt Ltd.
What is the total area of the land sold?
The total area of the land sold is 9,664.68 square metres (0.96 hectares or 2.39 acres).
Who is the buyer of the land and built-up area?
The buyer of the land and built-up area is NTT Global Data Centers & Cloud Infrastructure India Private Limited, formerly known as Netmagic IT Services Pvt Ltd.
What is the cumulative built-up area of the Balaji IT Park?
The cumulative built-up area of the Balaji IT Park is 45,572.14 square metres (around 4,90,534 sq ft).
When was the transaction registered?
The transaction was registered in May 2025.
Related News Articles
Mumbai's Real Estate Market Sees Significant Growth in July 2024
Mumbai's property registrations rose by 19% in July 2024, with 12,160 properties registered, generating INR 1,055 crore in revenue.
PM Modi to Honor 'Lakhpati Didis' in Maharashtra's Jalgaon, Boosting Women Empowerment
Over one crore women have achieved financial milestone under government scheme, with BJP aiming to increase number to three crore.
Travis Kelce's Luxurious Lifestyle: A Glimpse into His Opulent Homes, Sleek Rides, and Net Worth
Get a peek into the life of Travis Kelce, from his lavish mansions to his high-end cars and impressive net worth.
Home Sales See Decline in Major Indian Cities, Particularly Mumbai and Pune
PropTiger.com's 'Real Insight Residential Report' highlights a 5% year-on-year decline in home sales and a 25% drop in new launches in eight major Indian cities for the July-September quarter of 2024. The decline is attributed to the sharp rise in house p
Linklaters Facilitates Integration of Saba into Interparking to Boost Pan-European Urban Mobility
AG Real Estate, AG Insurance, Interparking, and APG have joined forces with CriteriaCaixa to integrate Saba, a leading public car park operator, into Interparking. This move will significantly enhance Interparking Group’s position as a major player in urb
A Complete Guide to Checking Registered Projects in MahaRERA
Discover the simple steps to verify project details in the Maharashtra Real Estate Regulatory Authority (MahaRERA). Learn how to ensure your investment is safe and compliant.