Blackstone acquires South City Mall in Kolkata for Rs 3,250 crore, Anarock advises deal

18 June, Mumbai 2025

Blackstone has acquired Kolkata’s iconic South City Mall in a major retail real estate deal valued at Rs 3,250 crore. The acquisition was advised solely by Anarock Group, India’s leading independent real estate services firm.

Spread over one million square feet, South City Mall is a landmark on East India’s retail map. It houses over 150 premium Indian and international brands and generates an average annual turnover of Rs 1,800 crore. With a high daily footfall ranging between 55,000 and 60,000, the number surges to over 75,000-200,000 during weekends and festive seasons. The mall features the largest food court in the region and a multi-level car park accommodating over 1,250 vehicles.

Sushil Mohta, Chairman of Merlin Group and Director of South City Projects, said, “We applaud Blackstone on this acquisition. South City Mall is indeed a prime retail asset in one of the most prestigious and sought-after areas in South Kolkata. The mall boasts numerous premium retail and lifestyle brands, including Pantaloons, Zara, Shoppers Stop, Tommy Hilfiger, Levi’s, Only, Armani, Calvin Klein, The Collective, United Colours of Benetton, Adidas, Puma, Fab India, M A C, Skechers, and Spencer’s, among others.”

Soumendu Chatterjee, Regional Director - Land, Anarock Group, said, “We are delighted to have been the sole transaction advisor for the iconic South City Mall. We look forward to seeing the project continue to thrive in Blackstone’s able hands. This landmark transaction once again showcases Anarock 's ability to facilitate large-scale, complex deals and commitment to delivering comprehensive real estate advisory services for marquee assets.”

Asheesh Mohta, Head of Real Estate Acquisitions - India, Blackstone, said, “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.”

Prakash Bachhawat, Director - JB Group, added, “This transaction represents more than an acquisition, it's a vote of confidence in Eastern India's retail ecosystem.”

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