Blackstone Real Estate elevates two India executives to more senior roles

(From left) Tuhin Parikh and Asheesh Mohta

Blackstone Real Estate on September 4 announced elevation of two long-serving India executives to more senior roles.

Tuhin Parikh will transition to the newly created role of Vice Chairman of Real Estate Asia and Executive Chairman of Real Estate India and Asheesh Mohta will step into Parikh's role of Head of Real Estate India after serving as Head of Real Estate Acquisitions India.

"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. Tuhin will continue to report to Chris Heady, Chairman of APAC & Head of Real Estate Asia and Asheesh will report to Tuhin," said Blackstone Real Estate.

Blackstone is one of the largest investors in the country with over $50 billion dollars of assets under management since inception. Blackstone has become one of the most significant foreign RE investors in India across all real estate asset category : Largest owners of Commercial office spaces in the country, largest Retail malls portfolio with Nexus Select, the largest logistics & warehousing portfolio with Horizon Industrial parks; hotels assets under Ventive Hospitality, Datacentres under the Lumina CloudInfra platform and other residential assets across India.

Blackstone, under the leadership of Tuhin and Asheesh, has helped launch 5 RE IPOs in India (4 REITs including the 1st and most recently – Knowledge Realty Trust, 13x subscription).