Blackstone-backed Panchshil enters warehousing, may exit residential business Panchshil Realty ceo Atul Chordia. Photo: Mint Bidya Sapam November 12, 2018 PremiumBlackstone Group-backed Panshchil Realty has entered the warehousing and logistics business, as part of a larger plan to focus solely on commercial real estate development. Continue reading this story with a subscription to DealStreetAsia. Subscribe Already a subscriber? Log in Should your colleagues be reading this article too? Contact us for corporate subscriptions at firstname.lastname@example.org.