Tushar Infra Developers and Pantheon Buildcon recently completed a major commercial real estate transaction in Mumbai, selling a high-value property in Chandivali for ₹559.25 crore. This deal stands out as one of the most significant office property sales in the city in early 2026. The asset, part of the Balaji IT Park (DC‑10 Building), spans around 3.25 lakh square feet and offers modern office infrastructure, making it attractive to institutional investors.
Owned by separate entities controlled by Bollywood actor Tusshar Kapoor and his father, veteran actor Jeetendra Kapoor, the property has been acquired by NTT Global Data Centres & Cloud Infrastructure India, a subsidiary of Japan’s NTT Group. This purchase aligns with NTT’s strategy to expand its presence in India’s commercial real estate and data centre sector. Chandivali, with its excellent connectivity to Powai, Andheri East, and Saki Naka, continues to be a hotspot for high-quality office spaces.
This sale also reflects a larger trend of growing investor interest in India’s office market, similar to recent developments in Bengaluru, where companies have leased premium spaces at Bagmane Tech Park for significant expansions. The transaction underscores how commercial projects in micro-markets like Chandivali and Powai are gaining prominence among institutional buyers.
For those tracking real estate trends, this deal highlights the continuing uptick in high-value property transactions in Mumbai, following other notable moves in India’s commercial and IT corridors. Investors and developers can explore similar opportunities on booknewproperty.com Projects to stay updated on major launches and property deals in top Indian cities.
Overall, the ₹559.25 crore sale demonstrates strong confidence in Mumbai’s office real estate market and reflects the city’s position as a key destination for institutional investors.
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