Adani Group Poised For Major Expansion With Emaar India Acquisition

(MENAFN- The Arabian Post)

Billionaire Gautam Adani's conglomerate, the Adani Group, is reportedly in advanced negotiations to acquire a majority stake in Emaar India, the Indian subsidiary of Dubai-based Real estate developer Emaar Properties. The deal, valued between ₹4,000 crore and ₹5,000 crore, aims to bolster Adani's presence in the Indian real estate sector.

Discussions indicate that Adani Realty, an unlisted entity under the Adani Group, is set to acquire between 70% and 100% ownership of Emaar India. Emaar India, established in 2005, boasts a diverse portfolio encompassing residential and commercial projects across cities such as Gurugram, Mohali, Lucknow, Jaipur, and Indore.

Emaar Properties has acknowledged ongoing discussions with various Indian entities, including the Adani Group, regarding the potential sale of its stake in Emaar India. However, the company has refrained from disclosing specific details, emphasizing that the talks are still in progress.

This strategic move aligns with Adani Realty's ambitious expansion plans within the Indian real estate market. The company has been actively developing residential, commercial, and social club projects in key cities such as Ahmedabad, Mumbai, Pune, and Gurugram. Since its inception over a decade ago, Adani Realty has delivered more than 22.5 million square feet of real estate space.

The potential acquisition of Emaar India is expected to enhance Adani Realty's project pipeline and strengthen its market position. Emaar India's projects, situated in prime locations, are anticipated to offer superior valuations, aligning with Adani Realty's growth objectives.

In a related development, Adani Realty has emerged as the top bidder for the redevelopment of Dharavi, Mumbai's largest slum. The project, valued at approximately ₹5,069 crore, aims to transform the area into a modern urban space. This initiative underscores Adani's commitment to large-scale urban development projects.

See also ADNEC Group's 2024 Economic Impact Reaches AED8.5 Billion, Surpassing Previous Records

Notice an issue? Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com . We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.

MENAFN20032025000152002308ID1109337307