Blackstone Real Estate has announced key leadership changes in its Asia-Pacific business, elevating two long-serving India executives. Tuhin Parikh will now serve as Vice Chairman of Real Estate Asia and Executive Chairman of Real Estate India, while Asheesh Mohta steps into Parikh’s previous role as Head of Real Estate India.
These appointments come as Blackstone continues to expand its footprint across India, where it manages over $50 billion in assets, including $20 billion in real estate. The firm is India’s largest owner of office assets, the biggest retail mall operator via Nexus Select, and holds leading positions in logistics (Horizon Industrial Parks), hospitality (Ventive Hospitality), data centres (Lumina CloudInfra), and residential assets.
“This is part of broader changes to our APAC Real Estate business – which under Chris’ leadership over the last 20 years has become one of the largest, most significant platforms of its kind in the region, including in India,” Blackstone said in a statement.
Under Parikh and Mohta’s leadership, Blackstone has launched five real estate IPOs in India, including four REITs. Most recently, it backed Knowledge Realty Trust, which saw a 13x subscription rate.
