Veteran Bollywood actor Jeetendra and his son Tusshar Kapoor have completed a major real estate transaction in Mumbai. They sold a commercial property to an arm of Japan's NTT Group for a substantial sum of Rs 559 crore. Realty consultants shared the relevant documents on Tuesday, confirming the details of this high-value deal.
Property Details and Transaction
The sale involves a significant portion of Balaji IT Park located in suburban Chandivali. NTT Global Data Centres acquired over 30,195 square meters of space from Tushar Infra Developers Pvt Ltd and Pantheon Buildcon Pvt Ltd. These companies are owned by Tusshar Kapoor and Jeetendra respectively.
Registration for this transaction was officially completed on January 9. The property includes a ground plus ten-storey building known as DC-10. This structure currently houses a data center facility. An adjacent four-storey diesel generator building also forms part of the deal.
Financial Aspects and Stamp Duty
According to a government resolution from 2024, this particular sale does not attract any stamp duty payment. However, the parties involved did pay a metro cess amounting to Rs 5.59 lakh. This financial arrangement follows specific regulatory guidelines for such transactions.
The real estate consultant who shared the documents also mentioned another significant deal. In May 2025, a separate transaction worth Rs 855 crore was registered. This indicates continued activity in Mumbai's premium commercial real estate market.
Broader Context
This sale represents one of the larger commercial property transactions in Mumbai's recent history. The involvement of international players like Japan's NTT Group highlights the global interest in Indian real estate assets. Data center properties have become particularly attractive investments as digital infrastructure expands across the country.
The Kapoor family's move to sell this asset comes at a time when commercial real estate in Mumbai continues to see robust activity. Such transactions often reflect strategic decisions by property owners to capitalize on favorable market conditions.
