Kolkata’s South City Mall sold to US giant Blackstone for ₹3,250 crore

In a major real estate development, Kolkata’s iconic South City Mall has been officially acquired by American investment firm Blackstone for ₹3,250 crore. After months of speculation, the deal was confirmed this week, with real estate consultancy Annarock facilitating the transaction. This marks one of the biggest retail property acquisitions in eastern India.

Built in 2008 through a joint venture of major real estate players from Kolkata and other states, South City Mall is widely regarded as the city’s premier shopping destination. The sprawling 10 lakh square feet property houses over 150 top-tier retail brands including Zara, Pantaloons, Adidas, and FabIndia. It also features eastern India’s largest food court and a parking facility for 1,250 cars.

With an annual turnover exceeding ₹1,800 crore, the mall has been a commercial success story in Kolkata’s retail landscape. Industry insiders see Blackstone’s entry as a sign of growing global investor interest in India’s premium retail infrastructure, especially in high-performing urban centers.

This acquisition adds another marquee property to Blackstone’s growing portfolio in India’s commercial real estate sector, which already includes office parks, logistics assets, and retail centers.