Global investment giant Blackstone has struck a major deal by purchasing South City Mall, one of Kolkata’s most prominent shopping destinations, for a reported ₹3,250 crore. The transaction, which marks one of the largest retail real estate acquisitions in recent times, was closed with support from real estate advisory firm ANAROCK.
South City Mall, known for its prime location and high footfall, spans over a million square feet and is home to more than 150 brands, both Indian and international. With annual sales crossing ₹1,800 crore, it has consistently ranked among the top-performing malls in eastern India. Its infrastructure includes multi-level parking for over 1,250 vehicles — a critical advantage in the crowded cityscape of Kolkata.
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Commenting on the acquisition, Asheesh Mohta, Blackstone India’s Head of Real Estate Acquisitions, said the group sees long-term value in South City Mall’s strong brand equity and market position. “This is not just a retail space; it’s a cultural and commercial landmark. We plan to build on the South City Group’s efforts and push the asset to its next stage of growth, drawing on our experience and scale in India’s retail sector,” he noted.
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With this addition, Blackstone further cements its position as one of the biggest owners of retail assets in India — a market it continues to aggressively expand in. The move also reflects growing investor confidence in India’s consumer-led commercial real estate landscape.
