NTT Buys Balaji IT Park: ₹855 Crore Data Centre Deal Sparks Growth

NTT buys Balaji IT Park in Andheri for a staggering ₹855 crore, making headlines across India’s commercial real estate and data infrastructure sectors. The acquisition is a part of NTT’s strategic push to expand its data centre footprint in India, particularly in key urban centres like Mumbai.

The deal was executed with K Raheja Corp, the original owner of Balaji IT Park, which is located in the prime business district of Andheri East. This location is significant due to its connectivity and existing infrastructure, making it ideal for large-scale data centre operations.

A Landmark Acquisition in India’s Data Economy

The move by NTT Global Data Centers and Cloud Infrastructure India Pvt. Ltd., a subsidiary of Japan-based NTT Ltd, underlines the growing demand for data infrastructure in India. With digital transformation accelerating across all industries, demand for secure, scalable, and strategically located data centres is at an all-time high.

NTT’s acquisition of Balaji IT Park reflects the company’s long-term commitment to the Indian market. As one of the world’s largest IT and telecom service providers, NTT has already made significant investments in India, and this ₹855 crore transaction only strengthens its presence further.

Details of the Deal

According to regulatory filings and reports from real estate insiders, the ₹855 crore acquisition includes the entire Balaji IT Park property, which spans approximately 4.5 lakh square feet of commercial space. Located in MIDC, Andheri East, this area is already home to many major companies, offering excellent road and metro connectivity to all parts of Mumbai.

Industry experts suggest that this purchase was aimed at converting the existing commercial property into a high-capacity, state-of-the-art data centre facility. The demand for such centres has surged due to increasing data consumption, government push for data localisation, and the growing needs of Indian and global enterprises.

Why Andheri?

Andheri East is one of Mumbai’s fastest-growing business hubs. It is strategically positioned with access to both the Eastern and Western Express Highways, the Mumbai Metro, and proximity to the international airport.

For a company like NTT, location is key. Data centres require not just power and security, but also low latency connectivity to clients. The Andheri property allows NTT to serve the financial, retail, and digital service industries that are clustered around Mumbai.

Data Centre Boom in India

The NTT-Balaji deal is part of a broader trend — India’s data centre market is expected to grow at a compound annual growth rate (CAGR) of 10–12% over the next 5 years. The demand is being fuelled by the explosion of OTT streaming, digital banking, UPI transactions, cloud computing, and upcoming technologies like AI and IoT.

According to analysts, NTT buys Balaji IT Park not just for space, but to solidify its edge in a highly competitive market. Major players like AdaniConneX, Yotta, and Equinix are also racing to establish dominance in India.

Strategic Vision and Future Development

NTT’s investment is aligned with its global roadmap of adding more than 1.5 GW of data centre capacity over the next few years. India, being a mobile-first and cloud-first economy, is central to that plan.

Sources indicate that the Balaji IT Park will be renovated or rebuilt into a multi-megawatt data centre, with energy-efficient cooling systems, advanced fire protection, physical security, and uninterrupted power supply systems. This fits with NTT’s reputation for building sustainable and secure infrastructure.

K Raheja’s Smart Exit

For K Raheja Corp, known for its Mindspace Business Parks, the ₹855 crore sale marks a strategic exit from this specific asset, allowing them to focus more on their commercial leasing business and upcoming REIT opportunities.

The deal signals a trend where real estate developers are partnering with or divesting to tech infrastructure giants, recognising the rising demand for digital infrastructure over traditional office space.

Industry Reaction

Market watchers see this deal as a positive sign for both the real estate and tech sectors.

“This is a strong signal that India’s digital economy is maturing fast. Data centres are becoming the new real estate gold,” said a Mumbai-based property analyst.

“It’s a landmark deal not just in terms of value, but also because it signals a shift in how prime real estate is being repurposed for digital infrastructure,” added a senior executive from a rival data centre firm.

Impact on Local Economy

The transformation of Balaji IT Park into a data centre will not only enhance Mumbai’s digital capacity but also create jobs in construction, maintenance, and IT services. Local suppliers and contractors are expected to benefit from the infrastructure upgrade, as NTT will likely bring in advanced technologies and global partners to complete the setup.

Additionally, this development supports the Make in India and Digital India initiatives by building robust digital backbones within the country.

Final Thoughts

NTT buys Balaji IT Park not just as a property, but as a strategic asset in the global digital infrastructure game. This ₹855 crore deal confirms India’s position as one of the most critical data economies in the Asia-Pacific region.

With this acquisition, NTT not only strengthens its footprint in Mumbai but also demonstrates that the future of real estate lies in data, not desks. As data becomes the new oil, properties like Balaji IT Park are the new refineries.

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