Blackstone Strengthens India Real Estate Leadership with Key Appointments

Blackstone’s Leadership Shifts Reshape India’s Real Estate Future

India’s real estate sector is entering a new chapter as Blackstone Real Estate, one of the world’s most influential investment firms, announces a major leadership reshuffle in its Asia-Pacific division. Two seasoned India executives have stepped into new roles, reaffirming the firm’s deep commitment to the Indian market.

Key Appointments in Leadership

Tuhin Parikh, a long-serving leader in India’s property sector, has been elevated to Vice Chairman of Real Estate Asia and Executive Chairman of Real Estate India. Taking his place as Head of Real Estate India is Asheesh Mohta, marking a seamless transition at the top. These moves highlight Blackstone’s intent to strengthen its foothold in the region’s fastest-growing market.

Expanding a Diverse Portfolio

Blackstone manages more than $50 billion in assets across India, of which $20 billion is dedicated to real estate. The firm’s influence stretches across multiple verticals:

• India’s largest owner of office assets
• Biggest retail mall operator via Nexus Select
• Leader in logistics with Horizon Industrial Parks
• Expanding footprint in hospitality through Ventive Hospitality
• Strong presence in data centres with Lumina CloudInfra
• Residential real estate investments gaining momentum

A Legacy of Market Innovation

Under Parikh and Mohta’s stewardship, Blackstone has already achieved landmark milestones in India. The firm has spearheaded five major IPOs, including four Real Estate Investment Trusts . Its most recent success, Knowledge Realty Trust, saw overwhelming market response with a 13x oversubscription rate—cementing Blackstone’s reputation as a market leader in innovation and execution.

Part of a Wider APAC Strategy

These leadership changes are part of a broader reorganisation under Chris Heady, who has steered Blackstone’s APAC real estate platform for two decades. Today, the division stands as one of the largest and most significant platforms in the region, with India positioned firmly at its core.

Conclusion

As India’s property market continues its upward trajectory, Blackstone’s leadership reshuffle signals more than just internal changes—it underscores a long-term vision of growth, diversification, and leadership in one of the world’s most dynamic real estate landscapes.