Latest news with #SquareYards
New Indian Express
5 hours ago
- Business
- New Indian Express
Actor Jeetendra sells Andheri plot for Rs 855 crore to NTT Global Data Centers
Veteran Bollywood actor Jeetendra and his family-owned firms -- Pantheon Buildcon Private Limited and Tusshar Infra Developers Private Limited -- have sold a land parcel in Andheri, Mumbai, for Rs 855 crore, according to property registration documents reviewed by Square Yards on the website of the Inspector General of Registration (IGR). The transaction was registered in May 2025. The land parcel, along with the built-up area, was bought by NTT Global Data Centers & Cloud Infrastructure India Private Limited, formerly known as Netmagic IT Services Private Limited. NTT, a Japanese tech conglomerate, is India's largest data center provider and a prominent IT services company. It specializes in a range of services including public and private cloud solutions, hosting, data management, application development, threat monitoring, content delivery networks, and testing services and serves customers globally. According to property registration documents from the IGR, reviewed by Square Yards, the transaction comprised two contiguous land parcels spanning a total area of 9,664.68 sq. m. (~0.96 hectares or ~2.39 acres). The site currently houses Balaji IT Park, and includes three constructed buildings with a cumulative built-up area of 45,572.14 sq. m. (4,90,534 sq. ft.). The deal incurred a stamp duty of Rs. 8.69 crore and registration charges amounting to Rs. 30,000.
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Business Standard
6 hours ago
- Business
- Business Standard
Jeetendra Kapoor, family-owned firms sell Mumbai land parcel for ₹855 cr
Jeetendra Kapoor and family-owned firms Pantheon Buildcon and Tusshar Infra Developers have sold a land parcel in Mumbai's Andheri for ₹855 crore, according to property registration documents provided by Square Yards, a real estate data analytics firm. The land parcel, along with the built-up area, has been bought by NTT Global Data Centres & Cloud Infrastructure India, formerly known as Netmagic IT Services. The company operates seven data centres across Mumbai and Navi Mumbai. According to property registration documents from the Inspector General of Registration (IGR), the transaction comprised two contiguous land parcels spanning a total area of 9,664.68 square metres (sq m), which is equivalent to about 0.96 hectares or 2.39 acres. The site currently houses Balaji IT Park and includes three constructed buildings with a cumulative built-up area of 45,572.14 sq m (~4,90,534 sq ft). The deal incurred a stamp duty of ₹8.69 crore and registration charges amounting to ₹30,000. This is the most expensive land deal of 2025 so far in Mumbai. The second-most expensive deal featured Rishabraj Estate Developers, where the firm bought 15,551 sq m of land for Rs 539.25 crore in Borivali, in March 2025. In February 2025, Vageshvari Properties bought 1,857.02 sq m of land and 1,848 sq m of built-up area along with it for Rs 276 crore in Malabar, the third-most expensive deal. The sellers—Pantheon Buildcon and Tusshar Infra Developers—are firms owned by actor Jeetendra Kapoor and his family members. The transaction was registered in May 2025. Andheri is one of the sought-after residential and commercial real estate micro markets in Mumbai. Meanwhile, Mumbai ranks sixth globally in under-construction data centre capacity, surpassing global hubs such as London and Dublin, according to a report by Cushman & Wakefield, a global commercial real estate services provider. The report further states that Mumbai ranks as the seventh most established data centre market in the APAC region. At the end of 2024, the city had 335 megawatts (MW) of data centre capacity under construction, which, once completed, will expand its operational capacity by 62 per cent. Mumbai also accounts for 42 per cent of India's projected under-construction capacity. Digital infrastructure upgrades in the city further support the growth of data centres.
Time of India
7 hours ago
- Business
- Time of India
Jeetendra sells Mumbai Andheri land parcel for ₹855 crore
Bollywood veteran and his family have recently finalized the sale of a valuable piece of land located in Mumbai's Andheri neighborhood for Rs 855 crore. The purchaser of this prime property is NTT Global Data Centers and Cloud Infrastructure India Private Limited, formerly recognized as Netmagic IT Services. Tired of too many ads? go ad free now Official Registration and Transaction Details The sale was formally recorded on May 29, 2025. As per documents obtained by Square Yards, the Kapoor family completed the transaction through their two firms, Pantheon Buildcon Private Limited and Tusshar Infra Developers Private Limited. Property Description and Current Use The deal involves two neighboring plots that together span approximately 9,664.68 square meters (about 2.39 acres). Currently, this location hosts Balaji IT Park, comprising three structures with a total built-up space of nearly 490,000 square feet. Financial Aspects of the Deal The property records indicate that the deal included a stamp duty fee of Rs 8.69 crore and registration costs amounting to Rs 30,000. NTT Global Data Centers is said to have bought the property to broaden its reach within India's growing digital infrastructure market. Jeetendra and his team have not issued any official statement. Family Background and Current Engagements At 83, Jeetendra tends to keep a low profile, steering clear of public attention. His daughter, Ektaa Kapoor, known as the television queen, is deeply involved in producing a variety of TV series and movies. Meanwhile, his son recently appeared in the horror-comedy film Kapkapiii.
India.com
7 hours ago
- Business
- India.com
This Bollywood star sells Mumbai land for Rs 855 crore, his name is..., the new owner is...
In the world of glitz and glamour of Bollywood, where trends come and go, some stars remain constant despite not being in the industry, and one among them is actor Jeetendra. The actor's career spanned roughly over 30 years, and during this time, he made a name for himself. Not only that, he also earned a whopping amount of money, which he invested in various properties. In a recent report, Jeetendra Kapoor and family have sold a land parcel in Mumbai's Andheri to NTT Global Data Centers and Cloud Infrastructure. The news was shared by the real estate consultant Square Yards. In an official statement, they said that they reviewed the property registration documents. 'The transaction comprised two contiguous land parcels spanning a total area of 9,664.68 square metres (0.96 hectares or 2.39 acres),' it said. Further media reports stated that the transaction for the property was registered in May 2025, and it was done through two family-owned firms – Pantheon Buildcon and Tusshar Infra Developers. The land parcel, currently home to Balaji IT Park with three constructed buildings, is valued at Rs 729.26 crore, according to official documents. A stamp duty of about Rs 8.69 crore and Rs 30,000 were paid as registration charges on the transaction, according to official documentation. This comes at a time when global technology giants such as Microsoft, Google Cloud, NTT, and AWS are aiming to expand their data centre network in India. For the unversed, Andheri is a place which is considered a critical commercial and residential hub in Mumbai.
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Business Standard
8 hours ago
- Business
- Business Standard
Rs 855 cr deal: Jeetendra Kapoor, family sell Balaji IT Park in Andheri
Veteran Bollywood actor Jeetendra Kapoor and his family-owned firms have sold a land parcel in Andheri, Mumbai, for Rs 855 crore, according to property registration documents reviewed by Square Yards on the website of Inspector General of Registration (IGR). The transaction was registered in May 2025. The sellers—Pantheon Buildcon Private Limited and Tusshar Infra Developers Private Limited—are firms owned by Jeetendra Kapoor and his family land parcel, along with the built-up area, was bought by NTT Global Data Centers & Cloud Infrastructure India, formerly known as Netmagic IT Services Private Limited. The company specializes in a range of services including public and private cloud solutions, hosting, data management, application development, threat monitoring, content delivery networks, and testing services and serves customers globally. According to property registration documents from the IGR, reviewed by Square Yards, the transaction comprised two contiguous land parcels spanning a total area of 0.96 hectares or 2.39 acres). The site currently houses Balaji IT Park, and includes three constructed buildings with a cumulative built-up area of 4,90,534 sq. ft. The deal incurred a stamp duty of Rs. 8.69 crore and registration charges amounting to Rs 30,000. Strategically positioned between Mumbai's prominent business districts and entertainment zones, Andheri boasts excellent connectivity through the Western Express Highway, Link Road, SV Road, and the Versova-Andheri-Ghatkopar Metro line. Over the years, Andheri has evolved into a dynamic commercial and residential destination, featuring a lively blend of modern office complexes, co-working spaces, upscale retail outlets, entertainment centres, and premium residential developments. Kapoor is a prominent figure in Hindi cinema, having acted in over 200 films across a career spanning more than six decades. His daughter, Ekta Kapoor, is a well-known producer and director in Hindi television and film, currently serving as Joint Managing Director and Creative Head of Balaji Telefilms Limited. His son, Tusshar Kapoor, is also active in the entertainment industry as an actor and producer.
