According to the report, Adani Group could acquire a majority stake in Emaar India for a sum ranging from INR 40-50 billion ($462 million-$578 million). Sources told Mint census data indicates many of Emaar's projects are located in prime locations that will impact their valuations positively. This factor enhances Emaar's portfolio in India in the eyes of investors, with increasing demand for high-quality real estate developments in India. Emaar began in the Indian real estate market in 2005 through a joint venture with MGF Development of India, with the Dubai developer committing INR 85 billion ($1 billion). However, the partnership came to an end in 2016 after the company was demerged; regulatory approval for the move was granted only in 2018. Emaar has functioned independently in India since then, carrying on business. If the deal with Adani Group comes off, it would be the largest new purchasing deal of Adani's foray into the real estate sector.