Mumbai: In a milestone real estate transaction, ANAROCK Group, one of India’s foremost real estate services firms, has successfully advised Blackstone on the acquisition of South City Mall in Kolkata for a reported value of ₹3,250 crore. ANAROCK served as the sole transaction advisor in this high-profile deal.
Regarded as a flagship retail destination in Eastern India, South City Mall in Kolkata spans more than 1 million sq. ft., housing over 150 top-tier brands including Zara, Calvin Klein, Adidas, Pantaloons, Shoppers Stop, and The Collective.
The mall also features the region’s largest food court, premium amenities, and multi-storey parking for over 1,250 vehicles.
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South City Mall in Kolkata: Cultural and Retail Icon
With average daily footfall between 55,000–60,000 and surging to over 200,000 during festivals, the South City Mall in Kolkata generates an annual turnover of ₹1,800+ crore, making it one of the highest-performing malls in India.
“South City Mall in Kolkata is a cultural and retail icon. This deal reflects the region’s strong retail growth and our ability to facilitate high-value transactions,” said Soumendu Chatterjee, Regional Director – Land, ANAROCK Group.
Asheesh Mohta, Head of Real Estate Acquisitions – India, Blackstone, added, “We are excited to add this iconic asset to our retail portfolio. South City Mall is a vital community hub, and we aim to further elevate its experience through our operational scale and expertise.”
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Sushil Mohta, Chairman of Merlin Group and Director of South City Projects, said the South City Mall in Kolkata remains a symbol of retail excellence, while Prakash Bachhawat of JB Group called the deal a strong signal of confidence in Eastern India’s retail real estate sector.
Launched in 2008 by a consortium of regional developers, South City Mall continues to serve as both a shopping destination and a vibrant cultural landmark, underlining Kolkata’s growing influence in India’s organized retail landscape.
