Blackstone Real Estate Promotes Two India Executives to Senior Roles
Blackstone Real Estate has announced the promotion of Tuhin Parikh to Vice Chairman of Real Estate Asia and Executive Chairman of Real Estate India. Asheesh Mohta will take over Parikh's previous role as Head of Real Estate India.
BlackstoneReal EstateIndiaTuhin ParikhAsheesh MohtaReal Estate NewsSep 04, 2025
These promotions are part of a broader restructuring of Blackstone's Asia Pacific (APAC) Real Estate business, which has seen tremendous growth under the leadership of Chris Heady, Chairman of APAC and Head of Real Estate Asia. Tuhin Parikh will continue to report to Chris Heady, while Asheesh Mohta will report to Tuhin.
Blackstone is one of the largest investors in India, with over $50 billion in assets under management since its inception. The firm has established itself as a significant player in the Indian real estate market, with notable investments across various asset categories. Blackstone is the largest owner of commercial office spaces in the country, the largest retail mall portfolio with Nexus Select, the largest logistics and warehousing portfolio with Horizon Industrial Parks, and significant investments in hotels through Ventive Hospitality, data centers under the Lumina CloudInfra platform, and residential assets across India.
Under the leadership of Tuhin Parikh and Asheesh Mohta, Blackstone has also been instrumental in launching five real estate investment trusts (REITs) in India, including the first and most recently, the Knowledge Realty Trust, which was 13 times oversubscribed. These achievements highlight the firm's commitment to innovation and growth in the Indian real estate sector.
The promotions of Tuhin Parikh and Asheesh Mohta reflect Blackstone's strategy to build a robust and dynamic leadership team. Tuhin's new role will focus on strategic initiatives and expanding Blackstone's presence in Asia, while Asheesh will continue to drive the firm's growth in India. Both executives bring a wealth of experience and a deep understanding of the Indian market, which will be crucial in navigating the evolving real estate landscape.
Blackstone's continued investment and leadership in India demonstrate its confidence in the country's economic potential and its commitment to supporting the growth of the real estate sector. With these new appointments, Blackstone is well-positioned to capitalize on emerging opportunities and maintain its leadership in the region.
Frequently Asked Questions
What are the new roles of Tuhin Parikh and Asheesh Mohta at Blackstone Real Estate?
Tuhin Parikh will become the Vice Chairman of Real Estate Asia and Executive Chairman of Real Estate India, while Asheesh Mohta will take over as the Head of Real Estate India.
Who is Chris Heady, and what is his role at Blackstone Real Estate?
Chris Heady is the Chairman of APAC and Head of Real Estate Asia at Blackstone Real Estate. He has been leading the APAC Real Estate business for the past 20 years.
What are some of Blackstone's significant investments in India?
Blackstone has invested in various sectors in India, including commercial office spaces, retail malls, logistics and warehousing, hotels, data centers, and residential assets. Notable portfolios include Nexus Select, Horizon Industrial Parks, and Ventive Hospitality.
How many REITs has Blackstone launched in India?
Blackstone has launched five real estate investment trusts (REITs) in India, including the first and most recently, the Knowledge Realty Trust, which was 13 times oversubscribed.
What is the significance of these promotions for Blackstone's strategy in Asia and India?
These promotions reflect Blackstone's strategy to build a robust and dynamic leadership team. Tuhin's new role will focus on strategic initiatives and expanding Blackstone's presence in Asia, while Asheesh will continue to drive the firm's growth in India.
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