Commercial Property in Mumbai Sold for ₹559 Crore

A major commercial property in Mumbai has been sold for a massive ₹559 crore. Bollywood actor Tusshar Kapoor’s commercial building in Mumbai has been sold at this high valuation, drawing significant attention in real estate and entertainment circles.

Commercial property in Mumbai
Image credits – pixabay

Commercial Property in Mumbai Sold for ₹559 Crore

Bollywood celebrities in Mumbai often remain in the news due to their high-value property transactions.Many famous actors and actresses actively invest in real estate, and such large-scale deals are frequently seen. In this case, Bollywood actor Tusshar Kapoor has sold one of his commercial property in Mumbai suburbs to an Indian unit of the Japanese multinational company NTT Group .

This grand commercial property is spread across 30,195 square meters and is located in Chandivali ,close to Powai, in Mumbai. The property is situated within Balaji IT Park in the Chandivali area. According to registration documents, the transaction was completed on 9 January.

This commercial property in Mumbai is a large and impressive 10-storey DC (Data Center) building ,comprising a ground floor and ten upper floors. The property falls under the high-grade data center infrastructure category ,which significantly increases its value. Due to its infrastructure classification, this transaction holds exceptional importance.

A key feature of this property is the 10-storey DC-10 building ,which houses a data center. In addition, there is a separate four-storey diesel generator structure ,making the property highly suitable for data-driven and IT operations.

A similar major deal took place last year in May, when a property transaction worth ₹855 crore was completed. Along with buildings, bungalow in Mumbai also play a significant role in high-value real estate transactions.

This commercial property in Mumbai is located in the Chandivali area, which is considered one of the most important zones in the western suburbs. From a connectivity perspective, Chandivali is well connected to Andheri, Ghatkopar, Sakinaka, and Powai . Due to the presence of Balaji IT Park, IT companies, and data centers, there is consistently strong demand for office space in this region.

Recently, JP Morgan Services India Private Limited completed a transaction worth ₹612 crore for 2.71 lakh square feet of commercial office space in Powai . With this news still fresh, the deal executed by Tusshar Kapoor’s company further highlights the rising demand for office space and commercial property in Mumbai especially in the Powai–Chandivali belt.

Due to this transaction, Tusshar Kapoor has come into the spotlight not because of films, but because of this major real estate deal.Tusshar Kapoor is the son of veteran Bollywood actor Jeetendra Kapoor. He has acted in popular films such as Mujhe Kuch Kehna Hai and Golmaal ,carving a distinct identity in the film industry. This real estate transaction has once again brought him into public attention.

The deal was executed between Tusshar Infra Developers Private Limited and NTT Global Data Centers. In Tusshar Infra Developers Private Limited, Jeetendra Kapoor’s company Pantheon Buildcon Private Limited is also a partner.Many Bollywood actors actively invest in commercial property in Mumbai,as the returns from such properties are considered stable and lucrative. Due to strong rental yields and long-term appreciation, investors remain keen on entering the Mumbai commercial real estate market.

In recent days, Mumbai’s real estate transactions have shown slight sluggishness. However, experts believe that momentum will return after the Mumbai Municipal Corporation elections , the results of which are scheduled for 16 January 2026 .According to analysts, once the results are declared, real estate activity especially in commercial property in Mumbai is expected to accelerate.

Several real estate projects had faced delays due to pending approvals. After the election results, these approvals are likely to be cleared, leading to increased transaction activity. Experts predict that from the election results until Gudi Padwa in March, the real estate sector will witness substantial growth.

I'm Jayashree rukar , a dedicated journalist and content writer at insightmumbai.com with six years of experience in news writing

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