Jeetendra's Family Sells Prime Mumbai Land for Rs 855 Crore to NTT Global Data Centers
Bollywood actor Jeetendra Kapoor's family-owned firms have sold land parcels and built-up area in Andheri, Mumbai, for Rs 855 crore to NTT Global Data Centers. The deal includes the Balaji IT Park and spans a total area of 2.39 acres.
Real EstateMumbaiJeetendra KapoorNtt Global Data CentersBalaji It ParkReal Estate NewsJun 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 amounting to Rs 30,000. The deal was registered in May 2025, marking a significant real estate transaction in the bustling city of Mumbai.
NTT Global Data Centers & Cloud Infrastructure India Private Limited, formerly known as Netmagic IT Services Pvt Ltd, is the buyer of the land and built-up area. The sellers, Pantheon Buildcon and Tusshar Infra Developers, are firms owned by veteran Bollywood actor Jeetendra Kapoor and his family members.
This sale highlights the ongoing trend of high-value real estate transactions in Mumbai, particularly in the IT and data center sectors. The location of the land in Andheri, a key commercial and IT hub, adds to its strategic importance and potential for future development.
The acquisition by NTT Global Data Centers is expected to bolster their presence in the region and support their expanding data center and cloud infrastructure services. With the growing demand for data centers and cloud solutions, this deal is a strategic move that aligns with the company's long-term growth plans in India.
Real estate experts and industry analysts have noted the significance of this transaction, underscoring the robustness of the Mumbai real estate market and the confidence of international players in the Indian IT and data center sectors. The deal is also a testament to the family's strategic business acumen and their ability to capitalize on high-value assets.
In a statement, Square Yards emphasized the meticulous review of the property registration documents, ensuring transparency and compliance with all legal requirements. The transaction is expected to have a positive impact on the local real estate market and attract further investments in the area.
For Jeetendra Kapoor and his family, this sale represents a major financial milestone and a shift in their business portfolio. The proceeds from the sale can be reinvested in other ventures, potentially diversifying their business interests and ensuring long-term financial stability.
As the real estate market continues to evolve, such high-profile transactions are likely to set new benchmarks and influence future deals in the region. The sale of the Balaji IT Park land to NTT Global Data Centers is a clear indicator of the strong demand for prime real estate in strategic locations and the growing importance of data centers in the digital economy.
Frequently Asked Questions
Who are the sellers in this transaction?
The sellers in this transaction 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 sold?
The total area of the land sold is 9,664.68 square metres (0.96 hectares or 2.39 acres).
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).
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.
When was the transaction registered?
The transaction was registered in May 2025.
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