Blackstone Real Estate, a subsidiary of New York headquartered Blackstone Group, will acquire Embassy Industrial Parks in India from private equity firm Warburg Pincus and the Embassy Group. With this $717 million deal, Blackstone’s India warehousing portfolio will increase to 40 million sq ft. Embassy Industrial Parks’ warehouses are located in Bangalore, Delhi-NCR, Hyderabad, and Pune, and are leased to e-commerce and retail players.
Asheesh Mohta, head of Blackstone’s Real Estate India Acquisitions said, “… e-commerce trends will further fuel demand for the logistics space especially near city centers. This is particularly true in India, where e-commerce is in its nascent stage of development and has tremendous opportunities driven by positive trends in urbanization, domestic consumption, and the emerging retail sector.”
Tuhin Parikh, head of Real Estate India, Blackstone, added that the company was committed to growing its presence in India and had successfully launched the country’s first two REITs (real estate investment trusts).
Last updated: December 26th, 2025
