Gautam Adani’s Adani Group, one of the country’s top businessmen, plans to expand its real estate business. Under this, the Adani Group can buy a stake in Emaar India, a leading company in the real estate sector, for which talks are ongoing.
Can Buy Stake From Emaar Group
According to a report by Business Today, Gautam Adani’s real estate company, Adani Realty, is in talks with Emaar India for a possible deal. Adani Realty plans to buy a stake in Emaar India. For this, senior executives of Adani Realty’s management are currently in talks with Emaar leadership.
Talks Are Going On in Dubai
The report quoted sources saying that Adani Realty executives are meeting with Emaar’s management in Dubai regarding the proposed deal. Emaar Group is a global real estate group based in Dubai, UAE, which is present in India through its subsidiary Emaar India.
Adani’s Real Estate Business
The Adani Group already has a presence in the real estate sector. Adani Realty was started about 12 years ago. It is said that a large part of Adani Realty’s business is in Dubai. In the Indian market, Adani Realty has recently completed the Dharavi redevelopment project and entered Delhi-NCR’s property market.
The Deal Is Not Yet Finalized
Adani Realty or Emaar has shared no official information regarding the proposed deal. At the same time, sources say that the talks on the deal have not been finalized yet. It has also not yet been decided how much stake Adani Realty will buy in Emaar India under the proposed deal. A final decision on all these aspects has yet to be made.
