Blackstone Real Estate Elevates Two India Executives to Senior Roles
Blackstone Real Estate, a prominent global investment firm, has promoted two of its India executives to significant roles. Tuhin Parikh will serve as the Vice Chairman of Real Estate Asia and Executive Chairman of Real Estate India, while Asheesh Mohta will take on the role of Head of Real Estate India.
BlackstoneReal EstateIndiaInvestmentLeadershipReal Estate NewsSep 05, 2025
Tuhin Parikh will transition to the newly created role of Vice Chairman of Real Estate Asia and Executive Chairman of Real Estate India. Parikh has been instrumental in the firm's growth in India, where Blackstone has become one of the largest real estate investors, managing over $50 billion in assets since inception, including $20 billion in real estate.
Along with Parikh, Asheesh Mohta will step into the role of Head of Real Estate India after serving as Head of Real Estate Acquisitions India. Mohta has been a key figure in the firm's strategic acquisitions and has played a crucial role in the successful launch of 5 Real Estate Investment Trust (REIT) IPOs in India, including the first and most recently, the Knowledge Realty Trust, which was 13x subscribed.
The elevation of these executives is a testament to Blackstone's commitment to the Indian market. Under the leadership of Tuhin and Asheesh, the firm has not only expanded its portfolio but has also made significant contributions to the real estate sector in India. Blackstone's investments span across various asset categories, making it one of the most significant foreign real estate investors in the country.
Tuhin will continue to report to Chris Heady, Chairman of APAC and Head of Real Estate Asia, while Asheesh will report to Tuhin. This leadership structure is designed to ensure continuity and further growth in Blackstone's real estate business in India and the broader APAC region.
Blackstone's robust presence in India is underscored by its significant investments. The firm has been at the forefront of major real estate transactions, including the recent acquisition of a 66% stake in Kolte Patil for ₹1,800 crore, marking its entry into the housing market in India. Such strategic moves highlight Blackstone's strategic vision and its confidence in the Indian real estate market.
The firm's success in India is also reflected in its ability to navigate regulatory changes and market dynamics. For instance, the recent GST cut on construction materials like cement has brought festive relief to the sector. However, it remains to be seen whether developers will pass on the benefits to buyers, a move that could further stimulate the market and attract first-time homebuyers.
Blackstone's commitment to the Indian real estate market is evident from its continued investment and the elevation of key executives. With Tuhin Parikh and Asheesh Mohta at the helm, the firm is poised to continue its growth trajectory and make further significant contributions to the Indian real estate sector.
Frequently Asked Questions
What roles have Tuhin Parikh and Asheesh Mohta been promoted to?
Tuhin Parikh has been promoted to Vice Chairman of Real Estate Asia and Executive Chairman of Real Estate India. Asheesh Mohta will take on the role of Head of Real Estate India.
How much real estate does Blackstone manage in India?
Blackstone manages over $20 billion in real estate in India.
What significant IPOs has Blackstone launched in India?
Blackstone has helped launch 5 Real Estate Investment Trust (REIT) IPOs in India, including the first and most recently, the Knowledge Realty Trust, which was 13x subscribed.
What is Blackstone's total asset management in India?
Blackstone manages over $50 billion in assets in India since inception, including $20 billion in real estate.
What recent acquisition has Blackstone made in the Indian housing market?
Blackstone recently acquired a 66% stake in Kolte Patil for ₹1,800 crore, marking its entry into the housing market in India.
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