Key highlights of the Jeetendra–Tusshar Kapoor Chandivali property sale:
- Transaction Details: Jeetendra Kapoor and Tusshar Kapoor sold DC-10 building in Balaji IT Park, Chandivali, Mumbai, to NTT Global Data Centres for ₹559.25 crore.
- Property Specifications: Includes a ground + 10-storey office building with a data center and an adjacent 4-storey Diesel Generator building; built-up area ≈30,195 sq m (3,25,016 sq ft).
- Strategic Location & Connectivity: Chandivali is located between Powai, Andheri East, and Saki Naka, with access via JVLR, LBS Marg, Eastern Express Highway, and Metro Line 1; close to Mumbai airport and major IT & business hubs.
Well-known Veteran Indian actor Jeetendra Kapoor and his son Tusshar Kapoor have divested an office space in Chandivali, Mumbai, for ₹559.25 crore to the Japan-based NTT Group, as per the documents available with Square Yards. The transaction involved the purchase of a ground and ten-story building named DC-10, housing a data center, along with an adjacent four-story Diesel Generator building by the new owner, NTT Global Data Centres and Cloud Infrastructure India Pvt Ltd.
Key Details of the Chandivali Property Transaction
- Location: Balaji IT Park, Chandivali, Mumbai
- Built-up Area: Approximately 30,195 sq m (≈3,25,016 sq ft)
- Transaction Date: Registered on January 9, 2026
- Stamp Duty: Eligible for full exemption
- Metro Cess: 1% paid, amounting to ₹5.59 lakh
Jeetendra Kapoor owns the property through his company, Pantheon Buildcon Private Limited, while Tusshar Kapoor’s Tusshar Infra Developers Private Limited was the co-seller.
Chandivali, being geographically situated in the centre of Mumbai, has shown immense potential and has become a significant micro-market for residential and commercial purposes. Located between Powai, Andheri East, and Saki Naka, this region has smooth accessibility by the Jogeshwari-Vikhroli Link Road (JVLR), LBS Marg, and Eastern Express Highway. Additionally, this region has easy accessibility by means of Mumbai Metro Line 1, and new lines for metro connectivity are being developed, and it is also close to Chhatrapati Shivaji Maharaj International Airport.
The appeal of this neighborhood gets further reinforced by the connectivity to major job markets like the IT parks in Powai, SEEPZ, MIDC, BKC, as well as Lower Parel. The proximity to other business areas and commercial complexes ensures a steady stream of demand for commercial residential properties in Chandivali.
According to the Cushman & Wakefield Mumbai MarketBeat report, Mumbai witnessed residential launches of 15,771 units in Q4 2025, showing a marginal increase of ~2% QOQ and a decline of ~11% YOY. New launches during the quarter were almost flat as compared to Q3 2025, despite the festive season. This is primarily because the accumulation of unsold inventory is rising, and the city has witnessed strong launches in the last 2-3 years. During 2025, new launches in the city were the second lowest after 2021 with just 68,673 units on account of a noticeable decline in new launches in the second half of the year.
The Extended Eastern Suburbs submarket witnessed the highest number of new launches of 4,186 units in Q4 2025 and captured a share of ~27% of the city's total launches. This was followed by the Eastern Suburbs, which witnessed new launches of 2,711 units for ~17% share. Navi Mumbai, Extended Western Suburbs and Western Suburbs each had an equal share of ~14%. The South Central submarket accounted for ~10% share with 1,520 units.
The sale highlights growing interest from global investors in Mumbai’s commercial real estate, particularly in micro-markets offering strong infrastructure and connectivity. As more multinational firms expand their data centre and office presence in India, prime properties like DC-10 in Chandivali are becoming increasingly valuable. With this transaction, Jeetendra and Tusshar Kapoor further cement their presence in Mumbai’s high-value real estate market, continuing a trend of high-profile property deals that attract both domestic and international investors.
Image- orissapost.com
.png)