Adani Realty Eyes Stake in Emaar India: A Strategic Move in Indian Real Estate Market
Gurgaon-headquartered Emaar India is a leading player in the country's commercial and residential real estate market. Adani Realty is in talks to pick up a stake in the company.
Adani RealtyEmaar IndiaReal Estate MarketStake SaleAdani GroupReal Estate NewsSep 26, 2024
According to sources, the talks are in the early stages, and the contours of the deal are being discussed. The amount of stake to be picked up by Adani Realty is yet to be finalized. However, if the deal goes through, it will mark a significant milestone for Adani Realty, which has been expanding its presence in the Indian real estate market.
Emaar India is owned by its global parent Emaar Group, a leading real estate developer headquartered in Dubai, UAE. The company has a significant presence in the Indian real estate market, with a strong portfolio of commercial and residential projects. In fact, Emaar India plans to launch 8-10 million square-feet of real estate projects this year, investing close to a billion US dollars (Rs 8,400 crore at current rate) till 2029.
Adani Realty, on the other hand, has been aggressively expanding its presence in the Indian real estate market. The company has recently entered the Delhi-NCR region, India's second-largest real estate market. Its segmental revenues are not being revealed, but it is learnt from close sources that a large chunk of its business is in the Dubai real estate market.
The potential deal between Adani Realty and Emaar India is seen as a strategic move by the Adani Group to strengthen its presence in the Indian real estate market. Emaar India's strong portfolio of projects and its expertise in the commercial and residential segments will complement Adani Realty's existing business.
In a recent media interaction, Kalyan Chakrabarti, CEO of Emaar India, had revealed plans to launch new projects in Gurgaon, Jaipur, Lucknow, Mohali, and Indore. The company has a presence in five markets and plans to expand its footprint in the coming years.
As per its annual report, Emaar India Ltd. witnessed its operating revenue fall 31.4 per cent in FY2023 to Rs 1,670 crore. In the previous year, its operating revenue stood at Rs 2,434 crore. While its bottom line went into red, down from Rs 189 crore net profit in FY2022, it posted Rs 118.7 crore net loss in FY2023.
The deal, if it goes through, will be a significant milestone for Adani Realty and will mark its entry into the big league of Indian real estate developers.
About Adani Group
The Adani Group is a multinational conglomerate with interests in ports, logistics, energy, and real estate. The group was founded by Gautam Adani and has its headquarters in Ahmedabad, India.
About Emaar Group
Emaar Group is a leading real estate developer headquartered in Dubai, UAE. The group has a significant presence in the global real estate market and has developed several iconic projects, including the Burj Khalifa, the tallest building in the world.
Adani Realty is the real estate arm of the Adani Group, a multinational conglomerate with interests in ports, logistics, energy, and real estate. Emaar India is a leading player in the country's commercial and residential real estate market and is owned by its global parent Emaar Group, a leading real estate developer headquartered in Dubai, UAE.
Frequently Asked Questions
What is the stake that Adani Realty plans to acquire in Emaar India?
The amount of stake to be picked up by Adani Realty is yet to be finalized.
What is the current presence of Adani Realty in the Indian real estate market?
Adani Realty has recently entered the Delhi-NCR region, India's second-largest real estate market.
What are the plans of Emaar India for the coming years?
Emaar India plans to launch 8-10 million square-feet of real estate projects this year, investing close to a billion US dollars (Rs 8,400 crore at current rate) till 2029.
What is the current financial performance of Emaar India?
As per its annual report, Emaar India Ltd. witnessed its operating revenue fall 31.4 per cent in FY2023 to Rs 1,670 crore.
What is the significance of the potential deal between Adani Realty and Emaar India?
The deal, if it goes through, will be a significant milestone for Adani Realty and will mark its entry into the big league of Indian real estate developers.
Related News Articles
India's Logistics Market Sees Growth Amidst Global Slowdown: Delhi NCR Leads the Way
Delhi NCR ranks 8th across Asia Pacific region with 3% rent growth in the logistics market, outpacing Mumbai and Bengaluru. Knight Frank report highlights growth in Indian warehousing market rents despite global slowdown.
Delhi-NCR Leads with 30% Increase in Housing Prices in 2024
Anarock reports that Delhi-NCR recorded the highest yearly jump of 30% in average residential prices, from Rs 5,800 per sq ft in 2023 to nearly Rs 7,550 per sq ft in 2024, driven by robust demand and rising construction costs.
Real Estate Executive Criticizes Unchecked Hyperinflation in India’s Housing Market
Yogen Shah, Supply Chain Director at Petrofac, highlights the lack of stringent checks in real estate transactions and the skyrocketing prices in India's housing market, comparing it to more regulated markets in the US and Europe.
Vageshwari Properties Secures 'Laxmi Nivas' Bungalow in Mumbai for a Staggering Rs 276 Crore
Vageshwari Properties has made a significant acquisition in Mumbai's real estate market by purchasing the historic 'Laxmi Nivas' bungalow on Nepean Sea Road for over Rs 276 crore.
Techie and Real Estate Manager Arrested in Hyderabad for Narcotics Possession
A techie and a real estate manager were arrested in Hyderabad for possessing high-end narcotics, marking a significant crackdown on drug trafficking in the city. The arrests were made following a joint operation by the Narcotics Control Bureau (NCB) and the Hyderabad Police, which uncovered a sophisticated network involved in the distribution of illegal substances.
Adani Realty Wins Prestigious Visionary Real Estate Brand Award at GROHE Hurun India Conclave 2025
Ahmedabad: Adani Realty, a leading subsidiary of the diversified Adani Group, has been honored with the prestigious Grohe Hurun India Visionary Brand Award at the GROHE Hurun India Conclave 2025. The award recognizes the company's innovative and sustainable practices in the real estate sector.