Emaar Properties, the largest real estate company in Dubai, is currently in talks with several Indian companies, including the Adani Group, about selling a share of its business in India. Emaar, famous for its development of landmarks like the Burj Khalifa, has confirmed these discussions but has not yet settled on the value or terms of the possible deal.
Recent reports suggest that Adani Realty, the real estate division of Indian billionaire Gautam Adani’s business empire, is in advanced negotiations to purchase a majority stake in Emaar’s Indian operations. However, both parties have yet to finalize the details of the agreement.
These talks represent a significant shift in the Indian real estate sector, as the involvement of such major players could have a big impact on future investments and development projects in the region. Emaar’s strong presence in the market and Adani’s expanding real estate business highlight the growing competition and interest in India’s real estate sector.
