Jeetendra and Tusshar Kapoor Sell Mumbai Commercial Property for ₹559.25 Crore

• Deal valued at ₹559.25 crore, registered in January 2026

• Property located at Balaji IT Park, Chandivali near Powai

• Transaction ranks among India’s biggest celebrity-linked real estate deals

Mumbai: In one of the most high-value celebrity-linked real estate transactions in recent years, veteran Hindi film star Jeetendra and his son, actor Tusshar Kapoor, have sold a large commercial property in Mumbai for ₹559.25 crore. The buyer is a Japanese firm, highlighting continued foreign interest in India’s prime commercial real estate market.

According to property registration documents accessed by Square Yards, the transaction was officially registered in January 2026. The asset sold is the DC-10 building at Balaji IT Park, situated in Chandivali, close to the rapidly developing Powai business district—one of Mumbai’s most sought-after commercial and residential hubs.

The commercial property spans a built-up area of approximately 30,195 square metres, or nearly 3.25 lakh square feet, underlining the scale and strategic value of the deal. Large-format office assets in this micro-market have witnessed sustained demand due to their proximity to major IT parks, residential catchments, and transport connectivity.

The sellers in the transaction were two promoter-owned entities—Tushar Infra Developers Private Limited, owned by Tusshar Kapoor, and Pantheon Buildcon Private Limited, owned by Jeetendra. Market experts say the timing of the sale appears well-aligned with Mumbai’s renewed momentum in the commercial office segment, driven by steady leasing activity and growing interest from global investors.

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Chandivali’s location near Powai has played a crucial role in driving up valuations over the years. With easy access to key business districts, international airport connectivity, and social infrastructure, the area has evolved into a preferred destination for large office occupiers and institutional buyers alike.

Beyond real estate, Jeetendra is widely known for his long-standing contribution to Indian cinema and television. After a successful acting career, he transitioned into production and, along with his daughter Ektaa Kapoor, founded Balaji Telefilms. The banner reshaped Indian television with iconic shows such as Kyunki Saas Bhi Kabhi Bahu Thi, Kahaani Ghar Ghar Kii, Kasautii Zindagii Kay, Pavitra Rishta, Bade Achhe Lagte Hain, and the popular Naagin franchise. Balaji Telefilms has also produced acclaimed films including The Dirty Picture, Ek Villain, Lootera, and Once Upon a Time in Mumbaai.

Tusshar Kapoor, meanwhile, has built a distinct identity in Bollywood with a mix of commercial hits and ensemble films such as Mujhe Kucch Kehna Hai, the Golmaal franchise, Shootout at Lokhandwala, and The Dirty Picture. He was most recently seen in Mastiii 4 and is set to appear next in Welcome to the Jungle, a multi-starrer featuring Akshay Kumar, Suniel Shetty, and several other leading actors.

The ₹559.25 crore transaction underscores how celebrity-owned assets continue to command strong interest when backed by location, scale, and commercial viability. It also reflects Mumbai’s enduring appeal as a hub for premium office investments, even as global firms look to expand their footprint in India’s financial capital.