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Adani group in talks to buy Emaar India for nearly $1.5 billion
Hindustan Times Rajasthan
|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.
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