Blackstone’s India realty investments poised to cross $6b this year

Blackstone’s India realty investments poised to cross $6b this year

Real Estate India

Blackstone Group Lp’s property investments in the country are set to cross the $6-billion mark this year, even as the global private equity firm plans to diversify into the logistics sector.

Last week, Blackstone and developer partner Salarpuria Sattva bought the 100-acre Global Village Technology Park in Bengaluru for 2,800 crore (around $390 million) from Coffee Day Enterprises Ltd. Of this, Blackstone’s share of investment is around $275 million.

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