- Emaar Properties is negotiating with multiple groups, including Adani Group, to sell a stake in its Indian business.
- Media reports indicate that Adani Realty might acquire a majority stake in Emaar India.
- Emaar operates in India since 2005 with a portfolio in key cities like Gurugram, Jaipur, and Lucknow.
Emaar Properties, known for developing Dubai’s iconic Burj Khalifa, is considering a stake sale in its Indian business. The company is in discussions with several groups, including the Adani Group, although terms and valuation have not been finalized.
Emaar’s India operations span residential and commercial projects across various cities, having been active in the country since 2005.
Emaar’s Stake Sale in India: Adani Group Among Potential Buyers
Apart from India, Emaar Properties has expanded its footprint internationally, with operations in markets such as Saudi Arabia, Turkey, and the United States. The potential stake sale comes amidst growing interest in India’s real estate sector, attracting large firms like Adani Realty, which is reportedly in advanced talks for a majority stake acquisition.
Emaar’s India division, established in 2005, has been involved in several high-profile residential and commercial developments. Its projects span cities such as Gurugram, Mohali, Jaipur, Lucknow, and Indore. With a well-established presence in the country, Emaar’s portfolio includes landmark developments that have shaped the Indian real estate landscape.
Internationally, Emaar also operates in Saudi Arabia, Turkey, and the United States, reflecting the company’s global ambitions. While it has a strong presence in Dubai and across the Middle East, this deal would further cement its reach in the Indian market, particularly as India’s real estate sector experiences growth.
The potential acquisition by Adani Realty comes at a time when major conglomerates are increasing their stakes in India’s real estate sector. Adani Group, a leader in diversified sectors, has been making strategic investments in real estate and infrastructure, making this deal a significant step for both companies in expanding their footprint in India.
Emaar’s potential stake sale in India represents a significant shift in the real estate sector, with Adani Realty potentially emerging as a key player in the country’s market.
“As India’s real estate sector grows, major players like Adani Group are increasingly eyeing strategic acquisitions to expand their footprint in key cities.”
