A top US equity managing MNC is due to buy a 50% stake in Indiabulls' prime office spaces in Lower Parel in Mumbai. Blackstone Group LP is due to pour an aggregated enterprise value of ₹9,500 crore/ $1.5 billion in the corporate realty in flagship commercial projects by Indiabulls in one of the South Mumbai business quarters. The two of the said projects are offering 4.2 million sq. ft. of fully leased office spaces to the equity giant to further monetise the corporate requirement in Mumbai.

Blackstone is a multi-billion-dollar company that established its first office in India in 2005, and since then the company has invested about $7 billion in various entities in the Indian market. Mumbai's prime corporate skyline is gaining international prominence and the trends suggest such FDI will grow increasingly in the non-metro area of the country as well.

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