Blackstone and Indiabulls Real Estate have plans to develop a commercial properties platform with rent-yielding assets, according to media outlets.
The platform will begin acquiring assets within the next three to six months, targeting properties located in Mumbai and the National Capital Region in India.
In March, Blackstone had bought a 50 percent stake in Indiabulls’ office properties, One Indiabulls and Indiabulls Finance Center, in central Mumbai for $730 million.
