When the world’s largest property owner is about to list yet another batch of its buildings in India, you don’t expect much of a plot twist.

Because by now, it’s routine. Blackstone has been listing real estate in India almost every year since 2019. In fact, it more or less invented the genre. India’s first ever REITA REIT or Real Estate Investment Trust pools money from thousands of individual investors to buy, operate, and manage a massive portfolio of high-end, income-generating real estate was a Blackstone production, and has since........

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