Tusshar Kapoor’s ₹559 Crore Property Deal in Chandivali, Mumbai

Tusshar Kapoor and his father, veteran actor Jeetendra, have sold a significant commercial asset in Mumbai’s Chandivali area to NTT Global Data Centres for ₹559.25 crore. This high-value transaction, involving the Balaji IT Park (DC-10 Building), follows their massive ₹855 crore land sale in Andheri last year, solidifying the Kapoor family as major players in the city’s real estate market. The deal underscores the rising institutional demand for data center hubs in Mumbai’s central micro markets.

Latest Update

• The Kapoor family has successfully concluded the sale of their commercial asset in Chandivali, marking one of the largest corporate real estate exits by a Bollywood family in recent months.
• NTT Global Data Centres is expected to transform the acquired Balaji IT Park premises into a high-tech data hub to support the growing digital infrastructure needs of the Mumbai Metropolitan Region.

What are the Core Details of the ₹559 Crore Property Deal?

The recent transaction involves the sale of a commercial building located within Balaji IT Park (DC-10 Building) in Chandivali, Mumbai. Sold for ₹559.25 crore, the property was held by Tusshar Kapoor’s firm, Tusshar Infra Developers Private Limited, and Jeetendra’s company, Pantheon Buildcon Private Limited. The buyer, NTT Global Data Centres and Cloud Infrastructure India, is a major player in the global technology and cloud storage sector.

The property spans a significant built-up area of approximately 30,195 square meters (around 3,25,016 square feet). According to official registration documents from January 9, 2026, the deal benefited from a full stamp duty exemption, though a 1% metro cess amounting to ₹5.59 lakh was paid. This sale is part of a larger trend where global tech giants are acquiring massive spaces in Mumbai to build “server farms” or data centers, which require robust power supplies and high floor loading capacities found in IT parks.

Property Sale Snapshot: Balaji IT Park Deal

How Does This Compare to the Kapoors’ Previous Real Estate Deals?

The Chandivali sale is not an isolated event but rather the second chapter in a billion-dollar liquidation strategy by the Kapoor family. In May 2025, the family sold a separate land parcel in Andheri to the same buyer, NTT Global, for a staggering ₹855 crore. That deal was recorded as one of the most expensive land transactions in Mumbai for the year 2025, involving nearly 2.39 acres of prime real estate.

When we look at the two deals together, the Kapoor family has offloaded over ₹1,400 crore worth of real estate to NTT in less than a year. The 2025 Andheri deal was primarily for a land parcel that also housed parts of the Balaji IT Park infrastructure. The 2026 deal focuses specifically on the DC-10 Building, showing a systematic handover of their commercial interests in the Andheri-Chandivali belt. This move allows the family to exit the intensive management of IT parks while capitalizing on the massive valuation spikes in Mumbai’s suburban commercial zones.

Comparison Table: 2025 vs. 2026 Property Exits

Why Is Chandivali Emerging as a Real Estate Hotspot?

Chandivali has evolved from an industrial pocket into a premium residential and commercial micro market. Its strategic position between Powai and Andheri East makes it an ideal hub for professionals working in the nearby SEEPZ, MIDC, and BKC districts. The area offers a “walk to work” culture that is rare in a congested city like Mumbai, attracting both young IT professionals and established corporate executives.

Connectivity is the primary driver for Chandivali’s growth. The locality is well served by Metro Line 1 (Versova-Andheri-Ghatkopar) and will benefit immensely from upcoming metro corridors. Furthermore, its proximity to the Chhatrapati Shivaji Maharaj International Airport makes it a logistical favorite for multinational firms like NTT. For investors, the rental yields in Chandivali are stable at around 3% to 5%, with property appreciation rates hovering between 8% and 12% annually due to limited new supply.

What Is Tusshar Kapoor’s Net Worth and Lifestyle Like?

Tusshar Kapoor’s personal net worth is estimated to be between ₹80 crore and ₹100 crore, though his share in the family’s massive real estate empire significantly inflates his overall wealth. As an actor and producer, his earnings come from successful film franchises like Golmaal and his production house, Tusshar Entertainment House. Unlike many of his peers, Tusshar is known for his prudent financial management, preferring long-term real estate over volatile stock market investments.

Tusshar’s lifestyle is centered around his role as a single father to his son, Laksshya. He divides his time between the family’s iconic Krishna Bungalow in Juhu and his own luxury sea-facing apartment in the same vicinity. His personal home is a reflection of his personality—minimalist, child-friendly, and filled with natural light. His car collection is equally impressive, featuring a Porsche Cayenne, an Audi Q7, and a BMW 7 Series, which reflects his taste for performance and luxury.

Breakdown of Tusshar Kapoor’s Wealth Sources

• Film Remuneration: Charges ₹3 to ₹5 crore per film project.
• Real Estate: Holds a 30% stake in several commercial and residential family assets.
• Production: Active producer under Tusshar Entertainment House.
• Brand Deals: Selectively endorses fitness and lifestyle brands.

What Is Jeetendra’s Legacy and Current Real Estate Status?

Jeetendra, often referred to as the “Jumping Jack” of Bollywood, transitioned from a superstar actor to a visionary business mogul. After a prolific acting career with over 200 films, he established Balaji Telefilms, which became a powerhouse in Indian television. His real estate moves are legendary in the industry; he was among the first to see the potential in the Andheri and Chandivali commercial sectors decades ago.

Currently, Jeetendra’s lifestyle remains deeply rooted in the Krishna Bungalow in Juhu. This sprawling estate is a landmark in its own right, valued at over ₹200 crore. It features high ceilings, traditional Indian decor, and vast green spaces that serve as a sanctuary for the entire Kapoor clan, including daughter Ekta Kapoor. While he has sold over ₹1,400 crore in assets recently, his remaining portfolio of residential properties in Mumbai and vacation homes in Lonavala ensures his legacy as a real estate tycoon remains intact.

Key Takeaways

• Sale Amount: ₹559.25 Crore for Chandivali commercial building.
• Total Liquidated: Over ₹1,400 Crore sold to NTT since May 2025.
• Strategic Shift: Selling commercial assets to focus on liquid wealth and data center hubs.
• Location Value: Chandivali is now a prime hub for global tech firms.
• Lifestyle: The family maintains their iconic ₹200 Cr+ Juhu bungalow as their primary base.

Conclusion

The sale of the Chandivali property by Tusshar Kapoor and Jeetendra for ₹559 crore marks a pivotal moment in the family’s transition from traditional real estate developers to savvy capital investors. By offloading over ₹1,400 crore of assets in a year, they have shown an incredible ability to time the market, specifically targeting the booming data center industry. This move not only secures their financial future but also frees them to enjoy their luxurious, family-focused lifestyle in the heart of Juhu.

For the modern investor, the Kapoors’ strategy offers a lesson in “exit timing.” As Mumbai’s infrastructure continues to evolve with new metro lines and data hubs, identifying micro markets like Chandivali early can lead to massive generational wealth. Whether you are looking for a high-yield commercial space or a private residential sanctuary, understanding these market shifts is the key to successful property ownership.