Kolkata news: Global Equity firm Blackstone has acquired the prestigious South City Mall in Kolkata for ₹ 3,250 crore. The deal took place on 17 June 2025 and was informed by issuing a statement. In this deal, Real Estate Consultancy firm AnaRock (ANAROCK) played the role of mediation. Ashish Mohta, head of Blackstone’s real estate acquisition in India, said that South City Mall is a major destination for shopping, food, holidays and entertainment in Kolkata. He said, “We are excited to strengthen our base in India and invest in this prestigious mall.”
Kolkata’s main shopping destination is South City Mall
The South City Mall spread over an area over a million square feet has a huge range of international and Indian brands. The mall has several premium retail and lifestyle outlets including Zara, Tommy Hilfiger, Levies, Only, Armani, Calvin Cline. The annual turnover of this mall is more than ₹ 1,800 crore. It has more than 150 stores and multilevel parking for more than 1,250 cars. This mall consists of around 55,000 to 60,000 people daily. This figure has increased from 75,000 to 200,000 in the weekend.
The South City Mall was developed by a union of real estate players in the region and was launched in January 2008. Sushil Mohta, president of the Marilyn Group and director of South City Projects, said that South City Mall is actually one of the most prestigious and demanded destinations in South Kolkata.
Blackstone dominates in India
America based firm Blackstone is the largest owner of commercial and retail real estate in India. According to the data, Blackstone had assets of more than $ 1.1 trillion until 31 December 2024. Blackstone has been investing in India since 2006 and has invested over $ 50 billion in various fields from IT services, assets and money management to auto parts and online education.