Jeetendra's Family Sells Mumbai Land for Rs 855 Crore to NTT Global Data Centers

Jeetendra Kapoor's 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 to NTT Global Data Centers & Cloud Infrastructure India Private Limited. The deal, reviewed by real estate consultant Square Yards, includes 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 amounting to Rs 30,000. The deal was registered in May 2025.

NTT Global Data Centers, formerly known as Netmagic IT Services Pvt Ltd, is a leading provider of data center and cloud infrastructure solutions. The acquisition of this land and built-up area is expected to enhance their portfolio and expand their operations in the region.

The sellers, Pantheon Buildcon and Tusshar Infra Developers, are firms owned by veteran Bollywood actor Jeetendra Kapoor and his family members. This strategic sale reflects the family's commitment to optimizing their real estate assets and aligning with the growing demand for advanced infrastructure in Mumbai.

Mumbai, one of India's major commercial hubs, has seen a significant increase in real estate transactions, particularly in the IT and data center sectors. The city's strategic location and robust infrastructure make it an attractive destination for both domestic and international investors. The Jeetendra family's decision to sell this prime property aligns with the broader trend of leveraging real estate assets for strategic financial gains.

The transaction, facilitated by Square Yards, highlights the importance of professional real estate consultancy in ensuring smooth and transparent property deals. Square Yards, a leading real estate consultant, reviewed the property registration documents to ensure compliance with all legal and regulatory requirements.

This deal is a testament to the dynamic nature of Mumbai's real estate market and the growing importance of data centers in the region. It also underscores the strategic approach of the Jeetendra family in managing their assets and capitalizing on market opportunities. The acquisition by NTT Global Data Centers is expected to bring significant benefits to the area, including job creation and enhanced technological infrastructure.