The Adani Group, one of the most diversified Indian conglomerates, is currently in advanced talks to acquire Emaar Group’s Indian wing. Emaar Properties is looking forward to selling its stake in the Indian arm but the extent of the shareholding process still remains undecided. This acquisition is going to be made for 1.4-1.5 billion USD. With this investment, the Adani Group aims to take its infrastructural business forward. The global business group also aims to rise to the position of being one of the biggest infrastructural giants amidst the ongoing controversies on the allegations made at the US Court on Adani.
Adani’s Recent Acquisition Of Emaar India:
The Adani Group, which is led by the global business tycoon Gautam Adani, is currently in talks to acquire Emaar India for an enterprise value of around 1.4 to 1.5 billion USD even amidst the ongoing case at the US Court on Adani. This is a part of its expansion plans into the real estate property sector. Emaar Properties, which is based in Dubai, entered into the Indian real estate market in 2005. The company entered India by partnering with India’s MGF Development. The company had invested INR 8,500 crore through the joint venture, Emaar MFG Land. In April 2016, Emaar Properties brought an end to the joint venture through a demerger procedure.
Emaar India has a large portfolio of various commercial and residential properties under its name. Its properties are spread across various states of India including Mumbai, Delhi NCR, Mohali, Indore, Lucknow, and Jaipur. As per sources, talks between Adani Group and Emaar Properties are in advanced stages. However, both these companies have declined to comment on the issue. In January 2025, Emaar Properties confirmed that it is in discussion with several Indian business groups including the Adani Group. This was regarding the potential sale of stakes in Emaar India. However, the valuation and terms of the transaction were not finalised.
Adani Group’s Hold Over The Country’s Infrastructure Sector:
The Adani Group already holds an extremely distinguished place in India’s real estate market through its subsidiaries Adani Properties and Adani Realty. This company has developed numerous projects across various cities in India. The group is currently involved in extremely high-profile redevelopment cases including the Dharavi slum redevelopment and the Motilal Nagar rehabilitation project. The Adani Group has recently emerged as the highest bidder for the Motilal Nagar project in Mumbai.
The company had placed the highest bid for INR 3,600 crore. The project spans 143 acres in Goregaon West. Adani Properties Private Limited is all set to receive the Letter of Allotment (LoA) for the project. Subsequently, the group is also about to begin works on the Phase 1 of the Dharavi slum redevelopment project. This is one of the biggest redevelopment projects to have been taken up by the Adani Group. With this project achieving completion, the Adani Group will be able to take its business to an extraordinary level. It will also be able to put an end to the controversies on the verdict at the US Court on Adani.
A Brief Overview Of Emaar Properties:
Emaar Properties PJSC is one of the largest real estate developers to be listed on the Dubai financial market. The company is known for its multiple iconic projects like the Dubai Mall and the Burj Khalifa. The company has a land bank of around 1.7 billion square feet across the UAE and key international markets. Currently, the company is looking forward to extending its footprint in India as well. With that in mind, it is planning on selling stakes in its Indian wing. This will help the group in further extending its international business. By partnering with infrastructural giants like the Adani Group, the company will also be able to further take its infrastructure business to new heights.
Conclusion:
By acquiring stakes in Emaar India, the Adani Group aims to position itself as one of the biggest players in the country’s infrastructure sector. With this acquisition, the global conglomerate will find it easier to increase its revenue generation from its infrastructural business; the business group will also be able to acquire new projects in this particular business sector.
