A high-value commercial real estate transaction involving Bollywood actors Tusshar Kapoor and veteran star Jeetendra has underscored the growing depth of Mumbai’s mid-city office market. The family has divested a large commercial asset in Chandivali for Rs 559.25 crore, according to property registration records filed with Maharashtra authorities earlier this month.
The transaction involves office premises located within Balaji IT Park, a prominent commercial complex in Chandivali, central Mumbai. The asset was held through privately owned development companies linked to Tusshar Kapoor and Jeetendra, a structure commonly used for long-term real estate holdings and asset management. The deal covers a built-up area exceeding 30,000 square metres, placing it among the larger office sales recorded in this micro-market. Real estate analysts say the transaction reflects a broader pattern of high-net-worth individuals and legacy asset holders monetising mature commercial properties amid sustained investor interest in income-generating office stock. Unlike speculative land plays, such assets typically attract institutional buyers seeking stable rental yields and long-term capital preservation.
Chandivali’s appeal as a commercial destination has strengthened steadily over the past decade. Located between Powai, Andheri East and Saki Naka, the area has evolved into a dense employment zone supported by improving transport connectivity and proximity to multiple business districts. Infrastructure upgrades have played a central role in this transformation. The locality benefits from arterial road access through the Jogeshwari–Vikhroli Link Road, LBS Marg and the Eastern Express Highway. Operational metro connectivity, along with planned rail and metro expansions, has further enhanced last-mile access. Urban planners note that such multi-modal connectivity reduces pressure on traditional office hubs while supporting more decentralised job clusters across Mumbai.
Another key driver is Chandivali’s proximity to Chhatrapati Shivaji Maharaj International Airport, making it attractive for corporates with regional and global operations. The area also sits within commuting distance of established employment nodes such as Powai’s technology parks, MIDC, SEEPZ, Bandra-Kurla Complex and Lower Parel, sustaining long-term demand for office space. Market data indicates that Balaji IT Park itself has witnessed multiple large transactions in recent years, including a significant sale in 2025, reinforcing its position as a stable commercial asset. Analysts suggest that such activity reflects confidence in well-leased, infrastructure-backed office developments despite shifting workplace trends.
As Mumbai’s commercial real estate market continues to recalibrate around connectivity, sustainability and workforce accessibility, transactions involving prominent owners such as Tusshar Kapoor and Jeetendra highlight how established assets in emerging business corridors are being repositioned within the city’s evolving urban economy.
Bollywood Actor Tusshar Kapoor Family Exits Chandivali Office Asset in Rs 559 Cr Deal
