Emaar Properties Eyes Indian Expansion Through Adani Partnership

Emaar Properties has announced it will not sell its Indian stakes but is exploring joint ventures with major Indian companies like Adani Group. The Dubai-based giant, active in India's real estate market since 2005, aims to expand its reach while maintaining its significant international real estate portfolio.

Dubai-based real estate giant Emaar Properties has announced plans not to sell its stakes in its Indian entity, instead looking to form a joint venture with major business houses in India, including the Adani Group.

The decision was revealed in a recent filing at Dubai Financial Market, acknowledging the company's pivot towards collaborations rather than sales of existing assets in India.

The company, which entered the Indian market in 2005 through a partnership with MGF Development, is known for major global developments including the Burj Khalifa and Dubai Mall.

(With inputs from agencies.)