Bollywood Icon Jeetendra Seals Massive ₹855 Crore Property Deal as NTT Global Expands Data Centre Empire in Mumbai

Veteran Bollywood actor Jeetendra Kapoor and his family have successfully concluded the sale of their Balaji IT Park property in Mumbai's Andheri suburb to NTT Global Data Centres and Cloud Infrastructure India Private Limited for ₹855 crore, according to transaction records from May 2025.

The landmark deal involved two contiguous land parcels covering approximately 2.39 acres (9,664.68 square meters) and included three constructed buildings with a total built-up area of around 4.9 lakh square feet. Industry experts noted that this transaction represents one of the significant commercial property deals in Mumbai's western suburbs this year.

Strategic Sale Through Family Enterprises

The transaction was executed through two family-owned firms: Pantheon Buildcon Private Limited and Tusshar Infra Developers Private Limited. The property, which currently houses the Balaji IT Park, has been a significant commercial establishment in the region. The deal resulted in stamp duty payments of ₹8.69 crore and registration charges of ₹30,000.

Real estate analysts highlighted that the sale reflects the robust property demand in Andheri West, which continues to attract major corporate investments.

NTT Global's Expanding Digital Infrastructure Footprint

NTT Global Data Centers and Cloud Infrastructure India Private Limited, formerly known as Netmagic IT Services, operates as a subsidiary of Japanese IT giant NTT Data. The company has established itself as a leading provider of data center and cloud infrastructure services across India.

This acquisition aligns with NTT's broader strategy to expand its data center footprint in the country, responding to the growing demand for digital infrastructure. The move comes as India witnesses unprecedented growth in commercial real estate investments driven by technology companies.

Andheri's Commercial Real Estate Appeal

Andheri stands as one of Mumbai's most prominent commercial and residential hubs, offering excellent connectivity through the Western Express Highway, Link Road, SV Road, and the Versova-Andheri-Ghatkopar Metro line. The area's strategic location continues to make it an attractive destination for businesses and real estate investments.

The region has witnessed significant infrastructure development, with experts predicting continued growth in Mumbai's top investment zones due to improved connectivity and commercial activities.

Kapoor Family's Diversified Business Portfolio

Jeetendra Kapoor, who built an illustrious career in Hindi cinema with over 200 films, also serves as the promoter and non-executive chairman of Balaji Telefilms. His daughter, Ekta Kapoor, holds the position of Joint Managing Director and Creative Head of the company, while his son, Tusshar Kapoor, remains active in the entertainment industry as an actor and producer.

The family's involvement in both entertainment and real estate demonstrates their diversified business interests, similar to many Bollywood stars investing in Mumbai luxury real estate.

Market Impact and Future Outlook

The sale of Balaji IT Park marks a significant development in Mumbai's real estate landscape, particularly in the commercial segment. This transaction underscores the strategic value of the Andheri region and reflects the continued interest of major corporations in securing prime Mumbai properties.

Industry observers noted that such large-scale transactions contribute to the overall growth of Mumbai's real estate market, which has shown resilience and growth across various segments.

The deal also highlights the increasing convergence of entertainment industry professionals with real estate investments, as many celebrities diversify their portfolios beyond their primary careers. This trend reflects the broader future of Indian real estate where technology and entertainment sectors drive significant property transactions.