Adani Group Seeks to Acquire 87 Properties from Distressed Sahara Group
The Adani Group, led by billionaire Gautam Adani, is seeking court approval to acquire 87 properties, including hotels and malls, from the Sahara Group. This move aims to bolster Adani's relatively small real estate portfolio and strengthen its land bank.
Adani GroupSahara GroupReal EstateLand BankSupreme CourtReal Estate NewsOct 14, 2025
The domestic Sahara Group is looking to sell hotels, shopping centers, residential buildings, and office buildings to raise funds to repay billions of dollars to investors. The bond scheme that raised this capital was later ruled illegal, leading to the need for repayment.
Adani is aiming to buy all of these assets, as stated by his lawyer Mukul Rohatgi to the judges at the Supreme Court, which has been overseeing Sahara's repayment process. Rohatgi did not disclose the financial offer Adani is making for the properties.
The Supreme Court has requested the views of government agencies on the proposal and will next hear the case in November. Neither the Adani Group nor Sahara responded to emails seeking comment.
Sahara Group, once the sponsor of India's national cricket teams and the owner of New York's Plaza Hotel and the Grosvenor House in London, is due to repay nearly $2.82 billion to investors. Adani Properties, the unlisted arm of the Adani Group, is currently redeveloping Asia's densest slum, Dharavi, in Mumbai.
One of Sahara's most prominent properties is the 9,000-acre luxury township, Aamby Valley, situated near Mumbai. This township includes an airstrip, golf course, man-made lakes, and luxury villas. A source familiar with Adani's planning stated that the Sahara portfolio would provide Adani with access to a substantial land bank, as the list of properties includes various land parcels.
"It also helps Adani get into hospitality as (luxury Hotel) Sahara Star is also included in this, and so is Aamby Valley," the source added. This acquisition could significantly enhance Adani's presence in the hospitality sector and provide a strong foundation for future real estate developments.
Frequently Asked Questions
What is the Adani Group's main goal in acquiring these properties?
The Adani Group aims to bolster its relatively small real estate portfolio and strengthen its land bank by acquiring 87 properties from the Sahara Group.
How much does Sahara Group need to repay to its investors?
Sahara Group is due to repay nearly $2.82 billion to its investors, who invested in a bond scheme that was later ruled illegal.
What are some notable properties in the Sahara Group's portfolio?
Notable properties in the Sahara Group's portfolio include the 9,000-acre luxury township Aamby Valley, the Sahara Star luxury hotel, and various residential and commercial buildings.
Why is the Supreme Court involved in this acquisition process?
The Supreme Court is involved in overseeing how Sahara repays its investors, and it is currently seeking the views of government agencies on Adani's proposal to acquire the properties.
What potential benefits does this acquisition offer to Adani Group?
This acquisition offers Adani Group access to a substantial land bank, entry into the hospitality sector, and the potential for significant real estate development opportunities.
Related News Articles
Unlocking Your Weekly Tarot Card Readings: Predictions for June 23 to 29, 2024
Get ready to discover the tarot card predictions for the week of June 23 to 29, 2024. From love and relationships to career and finance, find out what the stars have in store for you.
Vicious Attack on Real Estate Developer in Sinthee, North Calcutta
A group of men stormed into a real estate developer's office in Sinthee, north Calcutta, leaving the victim badly beaten. The motive behind the attack is still unknown.
Experts Urge Improvements to Make Indian Cities More Livable
Real estate experts, urban planners, and policymakers are calling for significant improvements to make Indian cities more livable. From better infrastructure to sustainable development, the focus is on enhancing the quality of life for urban residents.
Supriya Sule, Sachin Dodke Meet Nitin Gadkari to Discuss National Highway No. 4 Issues
Pune-based MPs Supriya Sule and Sachin Dodke held a meeting with Union Minister Nitin Gadkari to address issues related to National Highway No. 4. The discussion focused on road safety, maintenance, and expansion plans.
Karan Aujla's Luxurious Life: A Lavish Villa in Dubai Worth Rs 50 Crore and More
Karan Aujla, a prominent figure in the real estate world, has recently acquired a lavish villa in Dubai valued at an astounding Rs 50 Crore. Discover the details of his luxurious lifestyle, including his other assets and investments.
Trilegal Advises Brookfield on Major Renewable Energy Asset Sale to Gentari
Trilegal, a leading law firm in India, has provided legal counsel to Brookfield Asset Management on the sale of a 1.6 GW renewable energy asset portfolio to Gentari. This significant transaction underscores the growing importance of renewable energy inves