Jeetendra sells property worth Rs 855 crore

Bollywood veteran Jeetendra and his family have finalized a significant real estate transaction, selling land parcels and buildings in the bustling suburb of Andheri, Mumbai. The property, valued at an impressive Rs 855 crore, has been acquired by NTT Global Data Centers & Cloud Infrastructure, a leading player in data management and cloud services. This strategic acquisition is expected to bolster NTT's infrastructure capabilities in India, signaling robust growth in the region's digital landscape. The sale marks a pivotal moment for Jeetendra's family, transitioning from their long-held real estate assets to liquid capital, potentially opening avenues for new investments. While the details of the transaction remain under wraps, industry insiders suggest that this move aligns with the growing trend of converting prime real estate into tech-centric hubs, reflecting Mumbai's evolving urban fabric. The infusion of such a substantial asset into the tech sector could further enhance Mumbai's standing as a digital innovation hub. NTT Global's acquisition of these prime properties underscores the increasing demand for data center space in India, driven by the rapid adoption of cloud technologies and digital services. As businesses continue to migrate online, the need for state-of-the-art infrastructure becomes paramount. This deal not only highlights the synergy between real estate and technology sectors but also showcases the dynamic shifts in asset utilization in one of India's most vibrant cities.

— Authored by Next24 Live