Dubai developer Emaar Properties has confirmed it is in early-stage talks with several Indian groups — including the Adani Group — over a potential stake sale in its Indian subsidiary, Emaar India. The disclosure came in an official filing to the Dubai Financial Market (DFM), marking a significant strategic development for one of the UAE's most prominent real estate companies.
Emaar Confirms Adani Group Talks
In its DFM statement, Emaar said: "The Company would like to confirm that at this time the company is in talks with some groups in India namely Adani Group for sale of stake in Emaar India. This is due to the fact that the terms including valuation of the potential transaction have not been agreed."
The filing confirms negotiations are underway but makes clear that no binding deal has been struck. Valuation and other key terms remain unresolved.
Deal Could Be Worth Up to $577.5 Million
According to Indian media sources, Emaar is engaged in early-stage discussions with Adani Enterprises Limited — the flagship listed entity of billionaire Gautam Adani's conglomerate — on a proposal to sell up to 70% of its stake in Emaar India. The Mint business newspaper, citing unnamed sources, reported that Emaar Properties may ultimately transfer between 70% and 100% of the equity in its Indian unit.
The proposed transaction is expected to generate revenue of up to INR 50,000 million (approximately $577.5 million). The prospective buyer is reported to be Adani Realty, an unlisted affiliate of the Adani Group, should the deal proceed.
Emaar India's Strategic Value
Emaar India holds considerable value among India's premium real estate developers, anchored by well-located residential and commercial projects across the country. Its portfolio spans major Indian cities, giving any acquirer an established footprint in one of Asia's fastest-growing property markets.
Part of a Broader International Restructuring
Industry experts and investors are watching the Emaar Properties stake sale in India closely, given its implications for both India's real estate sector and Emaar's broader international asset base.
The move is part of Emaar's continuing strategy to reorganise its international operations and concentrate resources on its highest-potential markets. Further details on the terms and rationale are expected to emerge as negotiations progress, though both parties have so far confirmed only the broad outline of the discussions.
