Nexus Select Trust, a retail-focused real estate investment trust sponsored by Blackstone, has announced the acquisition of a 50 percent stake in an under-construction mall project in the Mumbai Metropolitan Region for Rs. 434 crore. The investment marks a strategic expansion into Dombivli, a fast-growing suburban market within India’s financial capital. The development, to be operated in partnership with Runwal Enterprises, reflects the REIT’s confidence in organized retail growth and consumption-driven real estate.