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.
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