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Tushar Infra Developers Private Limited, owned by actor Tusshar Kapoor, and Pantheon Buildcon Private Limited, owned by his father Jeetendra Kapoor, have sold their commercial property in Mumbai's Chandivali area for INR 559.25 crore. The asset, the DC 10 Building in Balaji IT Park, spans about 30,195 sqm (3,25,016 sqft) and includes a ground-plus-ten-storey commercial building and an adjacent four-storey generator block. NTT Global Data Centres & Cloud Infrastructure India acquired the property. The deal highlights sustained investor interest in Mumbai's commercial micro-markets, especially for digital infrastructure and data centre spaces.
Tushar Infra Developers and Pantheon Buildcon, owned by the Kapoor family, have officially sold a commercial property in Chandivali, a key suburban micro-market in Mumbai, for INR 559.25 crore. The transaction was registered earlier this month with the city's Inspector General of Registration (IGR). The buyer is NTT Global Data Centres & Cloud Infrastructure India, a subsidiary of the Japanese NTT Group, indicating continued institutional investment in Mumbai's commercial real estate. Advertisement
The property, identified as the DC 10 Building within Balaji IT Park, has a built-up area of around 30,195 sqm (approximately 3,25,016 sq ft). It includes a ground-plus-ten-storey commercial building, historically used for data centre operations, and a four-storey diesel generator block adjoining it. The location offers strong connectivity to key areas like Powai and Andheri East, adding to its commercial appeal.
The deal also benefited from government policies allowing full stamp duty exemption, with only a nominal metro cess applied. This reflects efforts by authorities to encourage high-value commercial transactions, especially in technology and infrastructure-focused properties. Previous transactions in the same area, including other Kapoor-owned assets, have shown strong valuations, underlining Chandivali's standing as a sought-after investment zone.
Institutional buyers like NTT are increasingly targeting Mumbai suburbs for data centre and digital infrastructure expansion. The acquisition suggests a trend of corporate investors valuing ready-to-use commercial assets with established facilities. It also demonstrates how strategic locations and high-quality construction continue to attract premium deals, particularly in emerging commercial corridors of the city.
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