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Jeetendra and his son Tusshar Kapoor have sold a commercial data centre property in Mumbai's Chandivali area to NTT Global Data Centres for INR 559.24 crore. The deal includes a ten-storey data centre building and a separate diesel generator facility at Balaji IT Park, spanning over 30,195 sq metres. The transaction was registered earlier this month and did not attract stamp duty under a 2024 government resolution, though a metro cess was paid. The deal highlights growing investor interest in Mumbai's data centre real estate market.
Veteran actor Jeetendra and his son Tusshar Kapoor have sold a commercial property in suburban Mumbai to a group company of Japan-based NTT Group, according to property registration documents accessed through a real estate consultancy. Advertisement
NTT Global Data Centres has acquired around 30,195 sq metres of space at Balaji IT Park in Chandivali for a total consideration of INR 559.24 crore. The asset was sold by Tushar Infra Developers Pvt Ltd, owned by Tusshar Kapoor, along with Pantheon Buildcon Pvt Ltd, a company linked to Jeetendra.
The transaction covers a ground-plus-ten-storey building known as DC-10, which houses a data centre, along with a separate four-storey structure used for diesel generators within the same IT park. The property forms part of a larger commercial campus located in Mumbai's eastern suburbs, a micro-market that has seen steady interest from institutional investors, particularly in technology-backed assets.
The registration for the transaction was completed earlier this month. As per a government resolution issued in 2024, the sale did not attract any stamp duty. However, a metro cess amounting to INR 5.59 lakh was paid as part of the registration process.
Data centre assets have been gaining traction in Mumbai due to rising demand from cloud service providers and global technology firms. Chandivali, in particular, has emerged as a preferred location given its proximity to key business districts and infrastructure connectivity.
The consultancy also pointed out that another high-value transaction involving the same property ecosystem was recorded in the past year, when a deal worth INR 855 crore was registered, reflecting sustained institutional appetite for large-format commercial and digital infrastructure assets in the city.
Source PTI
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