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
No Property Tax Hike for Mumbaikars in 2024-25 as BMC Maintains Current Rates
Mumbai property owners will not face a tax hike this year as the BMC maintains current rates. This decision reflects the civic body's sensitivity to the financial burden on citizens, especially considering the economic impact of the pandemic.
Siddhivinayak Homes: The Unrivaled Leader in Navi Mumbai's Real Estate Market
Navi Mumbai-based Siddhivinayak Homes has successfully housed over 2000 families, solidifying its position as a pioneer in the city's real estate sector.
Baba Siddique: Unveiling the Real Motive Behind the Real Estate War and Salman Khan’s Bollywood Connections
In a recent debate, Arnab Goswami brings to light the hidden motives behind the ongoing real estate conflict and delves into the intricate ties between Baba Siddique and Salman Khan. Is the real estate war a mere distraction from deeper issues?
7 Inspiring Indian Billionaires Who Dropped Out of School or College
Discover the success stories of seven Indian billionaires who achieved extraordinary success in various industries despite dropping out of school or college. Their tales of innovation, bold investments, and unwavering entrepreneurial spirit are truly insp
What About the Millions of Vehicles Already on the Road? Experts Weigh In on Maharashtra's Upcoming Vehicle Emission Standards
As Maharashtra gears up to implement stricter vehicle emission standards, there are growing concerns about the fate of the millions of vehicles already plying the roads. Experts from various fields are offering their insights on how the state can navigate
M3M India Acquires Prime Noida Plot for Rs 400 Crore
M3M India has made a significant move in the real estate sector by acquiring a 24,000-square-metre plot in Noida for Rs 400 crore. This acquisition marks the company's third project in the city, aiming to expand its footprint to 7.5 million square feet.