Bollywood veteran Jeetendra and his actor son Tusshar Kapoor have just completed another massive real estate transaction in Mumbai. They sold a commercial property for a staggering Rs 559 crore to a Japanese IT services and consultancy company. This deal follows an earlier sale of land to the same firm for Rs 855 crore in June 2025.
Details of the Latest Property Deal
The registration documents for this sale were shared by Square Yards, confirming the deal was finalized on January 9. The property spans 30,195 square meters and is located within the Balaji IT Park in Mumbai. It includes a ground plus ten-storey building housing a data centre, along with a separate four-storey diesel generator structure.
How the Deal Was Structured
The Japanese company, NTT, conducted the transaction with Tusshar Infra Developers Pvt Ltd. This company is owned by Pantheon Buildcon Pvt Ltd, which the father-son duo controls. Interestingly, no stamp duty was paid for this sale. Instead, a metro cess of Rs 5.59 lakh was levied in accordance with a 2024 government order.
A Growing Real Estate Portfolio
With this latest sale, Jeetendra and Tusshar Kapoor have now offloaded real estate assets worth Rs 1,414 crore in just eight months. This represents a significant financial cushion for the family. Jeetendra has quietly built a substantial real estate empire alongside his successful acting career.
Jeetendra's Unique Business Approach
During an old interview with YouTube channel Visionary Studios, Jeetendra explained his distinctive approach to real estate. He said, "I am not like a typical builder. Typical builders sell property before it is made, but I don't like that. So I decided that I will construct the building first, and then I will sell it. I might appear foolish as a normal businessman."
He further reflected on his transition from films to business, noting, "I have spent 50 years in the film business, and in my time, I don't think I have seen people as nice as them... such nice, kind-hearted people. People in the film business are very emotional, but when I started this business, I realised that they have a different system."
These recent deals clearly demonstrate that Jeetendra has become a serious player in Mumbai's competitive real estate market. The father-son duo continues to make strategic moves that yield substantial returns on their investments.
