Jitendra Kapoor Makes Waves in Real Estate: Sells Mumbai Property to Japanese Giant NTT for ₹559.25 Crore

Bollywood actor Jitendra Kapoor and his son Tusshar Kapoor’s companies have created a buzz in the Mumbai real estate market with a massive commercial property sale worth ₹559.25 crore. The deal was finalized on January 9 with NTT Global Data Centers, a subsidiary of the Japanese IT giant NTT. The property, known as the DC-10 Building, spans 325,017 square feet and is located within the Balaji IT Park in Andheri. A stamp duty of ₹5.61 crore was applied on the transaction.

This marks the second major sale by the Kapoor companies to NTT Data. Last year, they sold 2.4 acres of land along with an IT park in Mumbai’s western suburb of Andheri for ₹855 crore.

A Strategic Move in India’s Booming Data Center Sector
This transaction highlights the growing significance of India’s data center sector. With the rising use of digital services, cloud computing, artificial intelligence, and data-driven technologies, demand for data centers has surged. Industries such as banking, e-commerce, telecom, and government agencies are major contributors to this growth. Cities like Mumbai, Chennai, Bengaluru, and Hyderabad are emerging as key data center hubs due to robust digital connectivity, improved infrastructure, and availability of skilled talent.

Experts say supportive government policies, reliable power supply, and increasing interest from domestic and foreign investors have further accelerated the sector’s expansion, positioning India as a global leader in digital infrastructure.

About NTT Global Data Centers
NTT Global Data Centers and Cloud Infrastructure India is a leading Japanese company providing data center and cloud-related services, including public and private cloud solutions, hosting, data management, application development, threat monitoring, content delivery networks, and testing. The company serves clients worldwide, strengthening India’s role in the international digital ecosystem.

Continuing a Trend
The DC-10 Building deal is part of the Kapoor companies’ ongoing collaboration with NTT Data. The previous sale, completed last year, further cemented the actors’ footprint in India’s high-value commercial real estate and digital infrastructure market.

As of early 2025, NTT operated 18 data centers across major cities including Mumbai, Delhi-NCR, Chennai, Bengaluru, and Kolkata, reflecting the rapid growth and investment potential of the sector.