Blackstone Secures Rs 3,250 Crore Deal for South City Mall in Kolkata
Global investment giant Blackstone has acquired the prominent South City Mall in Kolkata for Rs 3,250 crore, marking a significant move in the Indian real estate market. Anarock served as the sole transaction advisor for this deal.
BlackstoneSouth City MallKolkataReal EstateInvestmentReal Estate NewsJun 17, 2025
The mall spans over 10 lakh square feet and generates an average annual turnover of Rs 1,800 crore. South City Mall, which was developed by a consortium of leading real estate players and launched in January 2008, has become a premier shopping and leisure destination in South Kolkata.
Asheesh Mohta, Head of Real Estate Acquisitions – India, Blackstone, expressed his enthusiasm about the acquisition. “We are thrilled to strengthen our presence in India and invest in this iconic asset. South City Mall is a place where the community comes together… it’s the definitive destination in Kolkata for shopping, dining, leisure, and entertainment,” he said.
Blackstone’s commitment to the mall’s success is evident. “We are committed to continuing South City Group’s wonderful work and positioning South City Mall for long-term success, benefiting from our scale, operational expertise, and deep experiences in the retail sector, particularly in India where we own one of the largest retail portfolios,” added Mohta.
Sushil Mohta, chairman of Merlin Group and director of South City Projects, highlighted the significance of the mall. “South City Mall is indeed a prime retail asset in one of the most prestigious and sought-after areas in South Kolkata,” he said.
The mall’s high footfall, ranging from 55,000 to 60,000 daily visitors, and surging to 75,000 to 200,000 during weekends and festive seasons, underscores its popularity. Soumendu Chatterjee, regional director (land) of ANAROCK Group, emphasized this point, noting the mall’s vibrant community hub status.
South City Projects, representing a consortium of six leading Kolkata business families with over 25 years of collaborative real estate development experience, has established itself as a premier developer of retail and mixed-use properties across South Asia.
This acquisition by Blackstone not only strengthens its presence in India but also highlights the growing interest of global investors in the Indian real estate market, particularly in high-potential assets like South City Mall.
Frequently Asked Questions
What is the value of Blackstone's acquisition of South City Mall?
Blackstone acquired South City Mall for Rs 3,250 crore.
Who advised on the acquisition of South City Mall?
Anarock was the sole transaction advisor for the deal.
When was South City Mall launched?
South City Mall was launched in January 2008.
What is the annual turnover of South City Mall?
The mall generates an average annual turnover of over Rs 1,800 crore.
Who is the chairman of Merlin Group and director of South City Projects?
Sushil Mohta is the chairman of Merlin Group and director of South City Projects.
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