<h1>South City Projects Dismisses $400M Blackstone Deal Rumors, Considers REIT and DLF IT Park II Acquisition.</h1> A major shareholder of South City Projects, the consortium behind Kolkata's South City Mall, has dismissed reports of a potential USD 400 million deal with Blackstone as speculative. The consortium, consisting of prominent real estate developers, has received offers from various funds since 2020 but is not in urgent need to finalize any deal. The shareholder highlighted that South City Projects evaluates offers based on valuations and is considering options such as floating a Real Estate Investment Trust (REIT) for expansion. The consortium is also negotiating to acquire DLF IT Park II to further grow its portfolio.