Indian billionaire Gautam Adani is close to acquiring the Indian unit of Dubai-based Emaar Group in a deal valued at approximately $1.4 Billion, according to Bloomberg.
Discussions between the Adani family and Emaar are ongoing, focusing on the structure of the acquisition. Sources indicate that an unlisted Goutam may invest nearly $400 million in equity as part of the transaction. While the parties aim to finalize an agreement by April, there is no certainty the deal will be completed.
Emaar’s Strategic Exit and Adani’s Expansion
In January, Emaar confirmed ongoing discussions with several Indian firms, including Adani, regarding a potential stake sale in Emaar India. The move aligns with Emaar’s strategy to streamline its global portfolio and focus on core markets.
For Adani Realty, the real estate arm of Adani Group, this acquisition represents a significant expansion. The company has already developed 24 million square feet of property and has 61 million square feet under development, according to its website.
Impact on India’s Real Estate Market
A successful acquisition would strengthen Adani’s position in India’s competitive real estate sector, integrating Emaar’s extensive land holdings and premium developments into its portfolio. The deal also underscores the growing investment appetite of Indian conglomerates, further shaping the country’s real estate landscape.
As negotiations continue, the outcome could redefine Adani Realty’s market influence and Emaar’s strategic presence in India.
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