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The Adani Group is reportedly in advanced discussions with Dubai-based Emaar Properties to acquire a 70-100% stake in Emaar India for INR 4,000 to INR 5,000 crore. Emaar India's projects are primarily located in prime areas across cities like Delhi-NCR, Mohali, Lucknow, Indore, and Jaipur. This acquisition, likely to be Adani's largest real estate purchase, is expected to be funded privately through family wealth. Adani Realty is also engaged in other ventures, including the Dharavi redevelopment and luxury projects in Mumbai.
The Adani Group is in advanced negotiations with Dubai-based developer Emaar Properties to acquire a majority stake in its Indian arm, Emaar India, for an estimated INR 4,000 to INR 5,000 crore. The proposed deal is expected to secure 70-100% ownership of Emaar India, which holds high-value projects in prime locations, promising strong valuations. Advertisement
According to reports from Hindustan Times, the acquisition, if finalised, will mark Adani's largest investment in the real estate sector to date. It is anticipated to be privately funded through Adani's family wealth, with no involvement of listed company resources. Sources noted that the valuation could reach INR 5,000 crore, though final figures depend on ongoing negotiations.
Emaar India is promoted by Dubai-based Emaar Properties PJSC, known for iconic developments like the Burj Khalifa.
Emaar India's footprint spans key cities, including Delhi-NCR, Mohali, Lucknow, Indore, and Jaipur. Meanwhile, Adani Realty, the property development arm of the Adani Group, has been expanding its portfolio with notable projects such as the Dharavi slum redevelopment in Mumbai. In December 2024, the group renamed the Dharavi Redevelopment Project Private Limited (DRPPL) to Navbharat Mega Developers Private Limited (NMDPL).
The Adani Group is also reportedly pursuing the acquisition of real estate assets from the troubled Jaypee Group to enhance its national presence further.
The Adani Group's potential acquisition of Emaar India underscores its commitment to strengthening its presence in India's real estate sector. With a focus on prime projects and large-scale redevelopment initiatives, the group aims to expand its portfolio strategically. If finalised, this deal could represent a significant milestone for Adani Realty, complementing its existing ventures like the Dharavi redevelopment. The proposed funding structure highlights the group's reliance on private wealth, reinforcing its confidence in the long-term growth of India's real estate market.
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