Bollywood’s legendary “Jumping Jack” Jeetendra and his son, actor-producer Tusshar Kapoor, have successfully concluded a monumental property deal in Mumbai. Documents revealed on Tuesday indicate that the father-son duo sold a prime commercial asset in the Balaji IT Park, Chandivali, to NTT Global Data Centres—a subsidiary of the Japanese multinational NTT Group—for a whopping ₹559.24 crore.
The asset sold is a comprehensive data centre setup, featuring a main 11-storey building (DC-10) and a secondary four-storey utility structure. The property spans across 30,195 square meters. The sale was executed by the family’s firms, Tushar Infra Developers Pvt Ltd and Pantheon Buildcon Pvt Ltd. Industry experts note that Mumbai’s suburban areas like Chandivali and Airoli have become hotspots for global tech firms looking to establish massive data hubs in India.
The registration process was completed on January 9, 2026. Despite the massive scale of the deal, the parties involved were exempted from stamp duty due to current government policies favoring IT and data centre developments, though a nominal metro cess was applied. This sale marks a significant liquidity event for the Kapoors, who have long been known for their extensive real estate holdings in the city. The NTT Group’s acquisition further cements Mumbai’s status as a critical node in the global digital infrastructure network, with the Kapoor family’s property serving as a key piece of that puzzle.
