Actor Jeetendra and Ekta Kapoor sell Rs 12.25 crore flat after Rs 855 crore land deal

Actor Jeetendra and producer Ekta Kapoor have sold a luxury apartment in Mumbai’s Worli for ₹12.25 crore, weeks after closing a massive ₹855 crore land deal in Andheri. The twin transactions, registered in May and June 2025, reflect a strategic move by the Kapoor family to recalibrate their real estate holdings amid changing market dynamics and investment priorities.

The Worli apartment, part of the upscale Omkar 1973 residential complex, spans 2,149 square feet of carpet area and includes two dedicated parking slots. Registered on 8 June 2025, the sale was transacted at ₹57,003 per square foot, a rate consistent with prevailing prices in South Mumbai’s premium property market. The tower is known for its high-end amenities and sea-facing views, making it a sought-after address for luxury homebuyers. This property divestment closely follows a significantly larger commercial land deal finalised just days earlier. On 29 May 2025, two land parcels measuring approximately 9,665 square metres (about 2.39 acres) in Andheri East were sold to NTT Global Data Centres for ₹855 crore. These plots currently house the Balaji IT Park, comprising three commercial buildings with a combined built-up area of nearly 4.9 lakh square feet.

Both assets were owned through family-run entities, which include Pantheon Buildcon Private Limited and Tusshar Infra Developers Private Limited. The land transfer attracted a stamp duty of ₹8.69 crore, along with a registration fee of ₹30,000, as per filings recorded with the property registration department. Industry analysts see these near-consecutive deals as more than coincidental. According to experts familiar with high-value transactions, such asset realignment suggests a conscious strategy by the Kapoor family to streamline investments and possibly reallocate capital into newer, high-yield opportunities. As Mumbai’s real estate market evolves in response to growing digital infrastructure demand and urban policy reform, families with legacy holdings are increasingly opting to monetise non-core assets.

NTT Global Data Centres, the buyer of the Andheri land, is a major player in India’s digital infrastructure space. Formerly known as Netmagic IT Services, the company provides cloud hosting, cybersecurity, data management, and enterprise IT services. The acquisition aligns with NTT’s expansion plans, as Mumbai remains the largest hub for data centres in the country, accounting for over 42% of under-construction capacity nationwide. The sale of the Andheri property is likely to be a part of NTT’s vision to build additional hyperscale facilities in India’s financial capital, tapping into the rising need for robust data storage, AI processing, and edge computing capabilities. In this context, the Kapoor family’s exit from a prime commercial parcel signals an astute understanding of shifting real estate values and the growing capital appeal of digital infrastructure.

Meanwhile, the Worli apartment sale reflects sustained interest in Mumbai’s luxury housing segment. Despite fluctuating macroeconomic conditions, demand for high-end homes in the city has remained steady, particularly in areas like Worli, Lower Parel, and Bandra. These micro-markets benefit from superior connectivity, ocean views, and a high standard of urban amenities — all key factors for HNIs and affluent investors. Real estate professionals believe the apartment’s ₹12.25 crore price point is in line with market expectations for properties within the Omkar 1973 development, which continues to hold value due to its brand equity and location. While smaller in scale than the Andheri land sale, this transaction complements the broader trend of portfolio rationalisation visible across India’s top-tier property investors.

From a financial standpoint, such moves may also be driven by goals of enhancing liquidity or diversifying investments into new-age sectors like clean energy, digital technology, or private equity. Mumbai’s property market is witnessing a shift from legacy commercial assets to more agile, tech-aligned real estate formats. Redeploying capital into ventures aligned with emerging trends could offer better long-term yields and reduced operational risk. Additionally, these transactions reinforce the importance of regulatory transparency and proper documentation in high-value deals. Both sales were formally registered, with complete financial disclosures — a practice increasingly essential for preserving investor confidence in an industry long criticised for opacity. In a city where land is finite and development regulations stringent, such well-documented deals set benchmarks for governance and compliance.

Looking ahead, observers are keen to see how the Kapoor family repositions itself following these divestments. Whether capital is re-invested in real estate, entertainment ventures, or digital innovation, the recent moves hint at a forward-looking investment approach that prioritises adaptability and capital efficiency. As Mumbai accelerates its transformation into a global financial and digital powerhouse, landmark transactions like these will continue to shape the city’s economic landscape. They not only reflect personal financial strategies but also mirror wider market dynamics — from the rise of data centre real estate to the continued relevance of luxury housing. In a city balancing heritage with hyper-modernisation, such dual transactions may well become the new norm.

Actor Jeetendra and Ekta Kapoor sell Rs 12.25 crore flat after Rs 855 crore land deal