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Adani group in talks to buy Emaar India for nearly $1.5 billion
Hindustan Times Patna
|March 21, 2025
Billionaire Gautam Adani's group is in advanced talks to acquire real estate company Emaar India for an enterprise value of around $1.4-1.5 billion as it looks to expand its property business, according to sources.
NEW DELHI:
Dubai-based Emaar Properties entered the Indian real estate market in 2005 in partnership with India's MGF Development and invested ₹8,500 crore through the joint venture firm Emaar MGF Land.
In April 2016, Emaar Properties decided to end the joint venture through a demerger process.
Emaar India has a large portfolio of residential and commercial spaces across Delhi-NCR, Mumbai, Mohali, Lucknow, Indore and Jaipur.
According to the people familiar with the matter, the talks between Dubai-based Emaar Properties and Adani Group are in an advanced stage.
Adani Group and Emaar India declined to comment.
This story is from the March 21, 2025 edition of Hindustan Times Patna.
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