The property sold is located in Balaji IT Park (DC-10 Building), Chandivali, and has a built-up area of approximately 30,195 sq m (~3,25,016 sq ft). This deal adds to a string of high-value real estate transactions involving the Kapoor family in Mumbai’s property market.

A Strategic Sale in a Growing Micro-Market

Chandivali has emerged as a fast-growing residential and commercial micro-market in central Mumbai, benefiting from strategic urban connectivity and robust infrastructure development. The area is situated close to key employment and business hubs such as Powai, Andheri East, and Saki Naka, and offers access to major transport corridors including the Jogeshwari–Vikhroli Link Road (JVLR), LBS Marg, Eastern Express Highway, and multiple Mumbai Metro lines. Improved road and metro connectivity, coupled with proximity to Chhatrapati Shivaji Maharaj International Airport, has helped bolster both commercial leasing and investment demand in the locality.

Chandivali’s appeal among tenants and investors is further enhanced by its nearness to Powai’s IT and tech parks, SEEPZ, MIDC, BKC, and Lower Parel, creating a steady pipeline of office and support-services demand in the micro-market.

Details of the ₹559.25 Crore Transaction

According to the IGR property registration documents reviewed by Square Yards, the Balaji IT Park property was sold for ₹559.25 crore. The recorded built-up area spans roughly 30,195 sq m (~3,25,016 sq ft), an indication of substantial commercial real estate scale. The property was sold by the family-owned firms headed by Tusshar and Jitendra Kapoor, marking another major real estate exit for the family in recent years.

The deal underscores continued investor appetite for established commercial assets in emerging business micro-markets around Mumbai, particularly where existing income-yielding properties can be repositioned or redeveloped to align with occupier demand.

Earlier ₹855 Crore Deal Adds Context

The ₹559.25 crore transaction follows another high-value real estate monetisation by the Kapoor family in 2025, which had drawn significant attention in the property market.

In May 2025, Pantheon Buildcon and Tushar Infra sold a large land parcel within the Balaji IT Park campus in Andheri — measuring approximately 2.39 acres (about 9,665 sq m) — for ₹855 crore to NTT Global Data Centres & Cloud Infrastructure India Private Limited. Importantly, this transaction involved a substantial portion of land within the campus, and not the entirety of Balaji IT Park.

The Andheri deal was widely seen as a strategic acquisition by NTT to expand its data centre footprint in Mumbai, reflecting rising demand for digital infrastructure and enterprise-grade assets.

A Pattern of Strategic Asset Monetisation

Taken together, the Andheri land sale in 2025 and the Chandivali office sale in early 2026 indicate a clear strategy of asset monetisation by the Kapoor family’s real estate entities. Rather than fragmented disposals, the transactions involve large, institution-grade assets, aligning with current market appetite for commercial real estate that offers scale and long-term redevelopment or leasing potential.

Industry observers note that Mumbai continues to remain one of India’s most liquid commercial real estate markets, where high-quality assets can attract significant capital even amid broader economic recalibration.

Bollywood Capital Meets Institutional Real Estate

Veteran actor Jitendra Kapoor, a towering figure in Hindi cinema and the founder of Balaji Telefilms, has long maintained diversified business interests beyond entertainment. His son Tusshar Kapoor, apart from his acting career, has also been active through structured real estate entities.

Their recent transactions underscore a broader trend where legacy asset owners — including celebrity families — are increasingly unlocking value from commercial real estate, as institutional buyers deepen their presence in Mumbai’s office and infrastructure-linked property segments.

Also Read: Jeetendra Kapoor Family Firms Sell Prime Andheri Land for Rs 855 Crore to NTT Global Data Centers

The post 2026’s First Multi-Billion Deal: Tusshar & Jitendra Kapoor Sell Mumbai Property for ₹559.25 Crore appeared first on Square Feat India.