Adani Realty, the realty development business of Adani Group, is said to be in advanced negotiations with Dubai-based Emaar Properties' Indian unit, Emaar India, to buy out the latter for a reported $1.4 billion. This deal, if it happens, could radically restructure India's real estate sector.
Highlights:
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Talks centre around deal value and structure
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Emaar India has its projects in Delhi-NCR, Mohali, Lucknow, Indore, and Jaipur
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Acquisition part of Adani's aggressive growth in realty
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Follows Adani's recent success in Mumbai's Dharavi redevelopments and Bandra schemes
The acquisition comes as Adani Realty tries to strengthen its foothold in the Indian property market. Adani Realty currently has 200 million sq. ft. worth of projects under its belt, with 23 million sq. ft. ready and more than 40 million sq. ft. under way.
If the deal goes through, it would be Adani's biggest real estate deal so far, potentially putting the group among India's leading property developers with DLF, Prestige Group, and Godrej Properties.
Sources: Bloomberg News, Economic Times, March 20, 2025