BCCL buys 66,000 sq ft space at Kalpataru Infinia for Rs 460 crore

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Bennett Coleman and Co. Ltd (BCCL), the publisher of Times of India and Economic Times newspapers, has bought 66,330 sq ft of office space at the under-construction Kalpataru Infinia office and commercial development in Santacruz (East) for around Rs 460 crore, according to property registration documents accessed by Moneycontrol.

The purchasers included both BCCL, as well as the company's vice chairman Samir Jain, as per the documents.

BCCL and Jain acquired seven commercial units between themselves, with each unit priced around Rs 66 crore and measuring around 9,500 sq ft, with the deal also including 98 parking spaces. All of the deals were signed in March 2025, the documents show.

Following a family settlement in 2023, Samir Jain took control of BCCL's print business, while the broadcast and internet businesses were transferred to his younger brother Vineet. The brothers also agreed to value and divide BCCL's real estate holdings across India.

The Times Group's print and broadcast divisions both own extensive real estate portfolios in Mumbai. The Group has a real estate presence in Mumbai's Lower Parel, Airoli, and elsewhere.

Moneycontrol has written to BCCL for a comment on the deal, and the story will be updated if responses are received.

The Kalpataru Infinia development, which is nearing completion, has been developed by the IPO-bound real estate firm Kalpataru Ltd, which also has its headquarters near the project. The area, close to the Bandra Kurla Complex, is home to a few headquarters of large corporates, notably Asian Paints, and has the Grand Hyatt luxury hotel nearby. Other large recent buyers at Kalpataru Infinia included the MSK Family Trust, which purchased two units for around Rs 120 crore.

Attempts to reach the MSK Family Trust for comment were unsuccessful.

Of the 1.15 lakh square feet of space available for lease or sale at Kalpataru Infinia, the developers are keeping around 29,000 sq ft of space with themselves. The company’s spokesperson could not be reached for comment.

According to industry observers, large-scale office purchase deals such as the one with BCCL signals willingness by large corporates to invest in purchasing real estate once again, a trend that had slowed over most of this decade, particularly in the post-COVID period, as companies tried to release capital. The banking and financial services segment has been the leader in terms of office space purchases in Mumbai, showing willingness to purchase entire buildings outright before completion.

Brokers added that large corporates in the non-BFSI space have also resumed talks with developers for purchases or long-term leases with significant capital outlays, after a years-long lull, with buyers looking for deals in the western suburbs, in order to be closer to their employees.