Veteran Bollywood actor Jeetendra Kapoor and his son, actor-producer Tusshar Kapoor, have concluded a major commercial real estate transaction in Mumbai, selling a prominent property in the Chandivali area to NTT Global Data Centres, a subsidiary of Japan’s NTT Group, for a total consideration of ₹559.25 crore. The transaction, which was completed through their separate businesses, Tusshar Infra Developers Private Limited and Pantheon Buildcon Private Limited, was recorded on January 9, 2026. It is the Kapoor family’s latest high-value real estate purchase in the growing commercial market of the city.
According to property registration documents reviewed by real estate consultancy Square Yards, the sold asset is located in Balaji IT Park, specifically the DC-10 Building in Chandivali, and spans a built-up area of approximately 30,195 square metres (about 3,25,016 sq ft). The transaction did not attract stamp duty under a 2024 government resolution, although a metro cess of ₹5.59 lakh was paid as per regulatory norms.
Major Sale in Chandivali Highlights Strategic Real Estate Play:
Chandivali, situated in central Mumbai, has rapidly emerged as an attractive residential-commercial micro-market owing to its strategic location and improving infrastructure. Nestled close to business hubs such as Powai, Andheri East and Saki Naka, the locality benefits from connectivity via key arterial roads like the Jogeshwari–Vikhroli Link Road (JVLR), LBS Marg and the Eastern Express Highway. It is also served by Mumbai Metro Line 1, with additional metro corridors in the pipeline, and is located close to Chhatrapati Shivaji Maharaj International Airport, further enhancing its appeal for commercial development.
The sold property includes a ground-plus-ten-storey building that houses a data centre, along with a four-storey diesel generator structure on the Balaji IT Park campus. This combination of IT infrastructure and auxiliary facilities makes the asset particularly attractive to data centre operators and technology firms looking for robust physical infrastructure in Mumbai, a city that is increasingly becoming a hub for digital and tech-driven commercial investments.
This transaction follows another blockbuster real estate deal by the Kapoor family in May 2025, when Jeetendra and Tusshar Kapoor sold a land parcel in the same Balaji IT Park area for ₹855 crore. When combined, these transactions represent significant liquidity and value creation from their Mumbai property portfolio over the past year.
Foreign Investment Signals Strong Confidence in Mumbai Realty:
The sale to NTT Global Data Centres highlights the growing interest of foreign investors in India’s commercial real estate landscape, particularly in assets that can support data, technology and IT-related operations. NTT, part of one of Japan’s largest telecommunications and information technology conglomerates, has been actively expanding its footprint in India’s fast-growing data infrastructure market, and acquiring established real estate in prime Mumbai micro-markets is aligned with its broader strategic objectives.
The involvement of major international players signals strong confidence in the long-term prospects of Mumbai’s commercial real estate sector, especially in areas like Chandivali that combine robust connectivity with availability of quality built-up space suitable for data centres, offices and technology hubs. Analysts say that such high-value deals come at a time when demand for digital infrastructure and cloud-related services is on the rise, prompting real estate developers and institutional investors to seek partnerships with global firms looking to establish or expand their presence in India.
In addition to the immediate transaction value, the sale is reflective of larger patterns in the city’s real estate market, where commercial properties with solid locational characteristics are fetching high prices. The successful completion of this transaction further solidifies Mumbai’s standing as one of India’s leading commercial real estate investment destinations, supported by a consistent flow of international capital.
Kapoor Family’s Real Estate Strategy and Legacy:
For Jeetendra Kapoor and his family, who have deep roots in the Indian entertainment industry, real estate has become an important avenue for wealth creation beyond cinema. Jeetendra, whose acting career spans more than 200 films and who was instrumental in establishing Balaji Telefilms, one of India’s most successful production houses, has quietly built a significant portfolio of properties in Mumbai over the years.
Tusshar Kapoor, known for his work both in front of and behind the camera, has also diversified into real estate through his company, Tusshar Infra Developers. The sale of the Chandivali property marks one of the most significant commercial transactions involving the actor and his father, showcasing their strategic approach to asset monetisation in one of the country’s most competitive property markets.
Chandivali’s developing infrastructure and connectivity, which attract companies and investors, are contributing factors to its growth as a commercial hub. Micro-markets like Chandivali will benefit from ongoing interest from developers, IT services companies, technology parks, and data center operators looking for well-connected urban areas as Mumbai’s real estate market develops.High-value real estate deals like the one the Kapoors completed, according to observers, not only yield substantial profits for sellers but also help to signal confidence in the larger ecosystem, encouraging more players, both domestic and foreign to investigate investment opportunities in India’s commercial real estate market.
Long-Term Impact on Mumbai’s Real Estate Outlook:
The completion of this ₹559.25 crore sale, following the earlier ₹855 crore land deal, places the Kapoor family among notable real estate participants shaping Mumbai’s commercial property market. These deals highlight how entertainment industry figures have successfully leveraged property assets in strategic locations to realise substantial value.
As global firms continue to recognise the value of premium commercial assets in key Indian cities, Mumbai is expected to remain at the forefront of high-value real estate transactions. For Chandivali, in particular, the dual sales of property within Balaji IT Park represent increasing validation of the area’s emergence as a compelling micro-market for both local developers and foreign investors. The sale of the Chandivali property by Jeetendra and Tusshar Kapoor to Japan’s NTT Global Data Centres for ₹559.25 crore not only stands out as one of the most significant commercial property deals in Mumbai this year but also reflects broader confidence in India’s real estate fundamentals and the ongoing attractiveness of the city’s commercial corridors to global capital.
