Jeetendra's Family Sells Mumbai Land for Rs 855 Crore to NTT Global Data Centers
Jeetendra Kapoor's family-owned firms have sold land parcels and built-up area in Andheri, Mumbai, to NTT Global Data Centers for Rs 855 crore, according to real estate consultant Square Yards.
Real EstateMumbaiJeetendra KapoorNtt Global Data CentersBalaji It ParkReal Estate MumbaiJun 05, 2025
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.
Frequently Asked Questions
What is the total value of the land and built-up area sold by Jeetendra's family?
The total value of the land and built-up area sold by Jeetendra's family is Rs 855 crore.
Who are the sellers of the land and built-up area in Andheri, Mumbai?
The sellers are Pantheon Buildcon Pvt Ltd and Tusshar Infra Developers Pvt Ltd, firms owned by veteran Bollywood actor Jeetendra Kapoor and his family members.
What is the total area of the land parcels sold?
The total area of the land parcels sold is 9,664.68 square metres (0.96 hectares or 2.39 acres).
What is the built-up area included in the transaction?
The built-up area included in the transaction is 45,572.14 square metres (around 4,90,534 sq ft).
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.
Related News Articles
Maharashtra's Real Estate Market Sees Upsurge in Property Registrations
Maharashtra's real estate market experiences a boost in property registrations and revenue despite unchanged RR rates, indicating a shift towards high-value transactions.
Top Stock Picks for Short-Term Gains: Bajaj Finserv, HDFC Life, HDFC Bank, and LIC Housing Finance
Market tech analysts Soni Patnaik, Mitessh Thakkar, and F&O analyst Rajesh Palviya recommend these stocks for short-term gains.
3 Financial Stocks Show Promise, Real Estate Overhyped: Samir Arora
Samir Arora, Founder of Helios Capital, highlights the potential of some NBFCs and microfinance companies, while expressing concerns about the real estate sector being overdone. He believes that HDFC Bank, Kotak Bank, and Bajaj Finance, which have underpe
NBT Office Relocation and Pune Book Festival Expected to Draw 7.5 Lakh Visitors
The National Book Trust (NBT) is set to shift its office to the city, a move that coincides with the highly anticipated Pune Book Festival. The festival, expected to attract 7.5 lakh visitors, is a significant cultural event that showcases a wide array of
Metro Brands Promoters Acquire Five Luxury Apartments in Mumbai's Worli for ₹405 Crore
The promoters of footwear retailer Metro Brands have made a significant investment in Mumbai's luxury real estate market by purchasing five apartments in the Worli area for ₹405 crore. These apartments are located in one of the city's tallest buildings, P
Maharashtra Real Estate: Majority of Developers Update Project Details for MahaRERA Compliance
A significant number of real estate developers in Maharashtra have taken steps to improve their compliance with the Maharashtra Real Estate Regulatory Authority (MahaRERA) by updating their project details. This move reflects a growing commitment to trans