US-based private equity firm Blackstone is on the final lap of talks to buy a commercial complex in Mumbai’s Bandra Kurla Complex for about Rs 30 billion, said a source in the know.
The office complex One BKC is owned by Radius Developers and promoted by Sanjay Chhabria.
This will be one of the biggest deals in commercial real estate this year.
Blackstone did not comment on the issue. In March, Indiabulls Real Estate had entered into a deal with Blackstone to sell 50 per cent stake in two commercial properties in Mumbai — Indiabulls Finance Centre and One Indiabulls Centre — to