Emaar Properties has clarified that it is not selling any stake in its India business and will instead look at joint ventures with large domestic groups, including Adani.
The Dubai developer, which entered India in 2005 through a ₹8,500 crore partnership with MGF Development, has since built a portfolio of residential and commercial projects across Delhi-NCR, Mumbai, Mohali, Lucknow, Indore, and Jaipur. Following its 2016 demerger with MGF, Emaar India operates independently in the country.
The decision to pursue partnerships rather than a stake sale signals Emaar’s intent to expand in India while retaining ownership. Among the potential partners is Adani Realty, which has been active in redevelopment and large-scale real estate ventures.
Emaar announced the move in a regulatory filing on September 18 at the Dubai Financial Market.
