In one of the largest retail real estate transactions in Eastern India, ANAROCK Group, a leading independent real estate services firm, has successfully advised Blackstone in its acquisition of South City Mall, Kolkata, for a total consideration of ₹3,250 crore. ANAROCK served as the exclusive transaction advisor.
Spanning over 1 million sq. ft., South City Mall is widely considered a flagship retail destination in Eastern India. The mall houses more than 150 stores, a range of premium Indian and international brands, and boasts an average annual turnover exceeding ₹1,800 crore. It features one of the largest food courts in the region and a multi-storey parking facility with capacity for over 1,250 vehicles.
Sushil Mohta, Chairman of Merlin Group and Director at South City Projects, commented, “We congratulate Blackstone on acquiring one of Kolkata’s most prestigious retail properties. South City Mall is home to an impressive mix of brands including Zara, Shoppers Stop, Calvin Klein, The Collective, United Colours of Benetton, MAC, PUMA, and Spencer’s, among many others.”
Soumendu Chatterjee, Regional Director – Land, ANAROCK Group, said, “This landmark transaction highlights ANAROCK’s ability to execute large, complex real estate deals. We are proud to have exclusively advised on this iconic acquisition. With daily footfalls between 55,000 and 60,000 — and weekend peaks reaching up to 200,000 — South City Mall continues to be a powerhouse of retail activity.”
Asheesh Mohta, Head of Real Estate Acquisitions – India at Blackstone, said, “We are excited to expand our footprint in India with the addition of South City Mall to our retail portfolio. This asset is not just a shopping center — it’s a vital part of the local community. Our focus will be on long-term growth, leveraging our operational expertise and strong track record in retail.”
Prakash Bachhawat, Director – JB Group, who led the transaction for South City Projects, added, “This deal is a testament to the strength and potential of Eastern India’s retail landscape. We’re pleased to partner with a global institution like Blackstone for this next chapter in South City Mall’s journey.”
Developed by a consortium of top regional developers, South City Mall opened in January 2008. Over the years, it has evolved beyond a shopping destination into a cultural and social hub for the city, attracting both local shoppers and visitors from across the region.
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