Jeetendra and Tusshar Kapoor Sell 11-Storey Mumbai Building for ₹559 Crore to Japanese Firm
Raga News Zone | Bollywood
Veteran Bollywood actor Jeetendra and his son, actor-producer Tusshar Kapoor, have completed a major commercial real estate transaction in Mumbai, selling an 11-storey building for approximately ₹559 crore to a Japanese company, according to property registration documents.
The property, located in the Chandivali area of suburban Mumbai, is part of a commercial complex that has been used for technology and infrastructure purposes. The building includes a ground floor and ten additional floors, along with supporting utility structures, making it suitable for large-scale corporate or data centre operations.
The buyer is a subsidiary of a leading Japanese multinational group with a strong presence in global telecommunications and digital infrastructure. Industry experts say the acquisition reflects growing foreign interest in India’s commercial real estate sector, particularly in Mumbai, which remains the country’s financial and business hub.
Strategic Location and Investment Appeal
Real estate analysts note that Chandivali’s proximity to Powai, major business districts, and Mumbai’s international airport significantly increases the property’s value. The area has emerged as a preferred destination for IT parks, data centres, and corporate offices due to its connectivity and infrastructure.
The transaction was officially registered earlier this month, with applicable charges paid as per regulations. The deal adds to a series of high-value real estate transactions involving celebrity property owners in Mumbai.
Kapoor Family’s Real Estate Moves
This is not the first major property deal involving the Kapoor family. In recent years, Jeetendra and his family have gradually monetised large commercial assets, aligning with a broader trend of investors shifting focus toward high-yield infrastructure and technology-driven properties.
Sources close to the development say the sale is part of a strategic decision to unlock the value of long-held assets amid strong demand from international investors.
Market Outlook
Experts believe such transactions highlight Mumbai’s continued attractiveness to foreign firms despite global economic uncertainties. The demand for commercial spaces suited for digital infrastructure and data services is expected to grow further as India strengthens its position as a technology and data hub.
The deal underscores confidence in India’s long-term economic growth and signals sustained interest from global investors in premium commercial properties.
More updates are on the way—stay tuned with Raga Zone.
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