The Adani Group is in advanced negotiations to acquire Emaar India, the Indian subsidiary of Dubai-based real estate giant Emaar Group, in a deal valued at approximately $1.4 billion, according to Bloomberg. Sources suggest that an unlisted Adani unit may inject around $400 million in equity as part of the transaction, further strengthening Adani’s foothold in India’s real estate market.

Discussions have progressed significantly, with a potential agreement expected by April 2025. However, insiders indicate that the deal is not yet finalized, as negotiations are ongoing.

Adani’s Strategic Expansion in Real Estate

A successful acquisition would significantly expand Adani Realty’s existing portfolio, which currently includes 24 million square feet of developed property and 61 million square feet under development. The group has been aggressively growing its presence in the sector. It has recently emerged as the top bidder for one of Mumbai’s most significant housing redevelopment projects, valued at around Rs 36,000 crore. Additionally, Adani is leading the Dharavi redevelopment initiative, one of the world’s most significant urban renewal projects.

Emaar India’s Strong Market Presence

Emaar India has established itself as a key player in India’s real estate landscape, with projects spanning Delhi, Punjab, Uttar Pradesh, Madhya Pradesh, and Rajasthan. The company has played a vital role in shaping India’s commercial and residential spaces, bringing international expertise to urban development.

In January, Emaar Group confirmed discussions with multiple potential buyers, including Adani, regarding a stake sale in its Indian operations. However, neither Adani Group nor Emaar Group has officially announced the transaction.

If the deal goes through, it would mark another significant milestone in Adani’s diversification beyond infrastructure and energy, reinforcing its position in India’s rapidly expanding real estate sector.