Adani Group is in advanced discussions to acquire Emaar India, a move that will help the conglomerate further expand its property business. The deal is valued at approximately USD 1.4-1.5 billion. Emaar India, which operates across Delhi-NCR, Mumbai, Mohali, Lucknow, Indore, and Jaipur, holds a significant portfolio of residential and commercial properties.
Emaar India, originally a Dubai-based Emaar Properties joint venture with MGF Development, began its operations in India in 2005. In 2016, Emaar Properties ended its partnership with MGF, taking full control of Emaar India. Sources suggest the talks between Emaar Properties and Adani Group are in advanced stages, although the valuation and transaction terms have not yet been finalized.
In January 2025, Emaar Properties confirmed that discussions were ongoing with several groups in India, including the Adani Group, regarding the potential sale of a stake in Emaar India. The extent of shareholding dilution remains undecided.
The Adani Group has already established a strong presence in India’s real estate sector through Adani Realty and Adani Properties, developing numerous projects across major cities. This acquisition would further strengthen its position, particularly after securing major redevelopment projects such as Dharavi and the Motilal Nagar redevelopment project in Mumbai.