Emaar Properties PJSC, Dubai’s largest real estate firm, has asked consultants and investment bankers to value Indian joint venture (JV) Emaar MGF Land Ltd’s land bank and other assets in the country.
The move may be preparatory to the builder of Dubai’s Burj Khalifa, the world’s tallest tower, exiting the bulk of its portfolio in India, two people familiar with the development said.
Emaar Properties is reviewing its assets in India and is in talks with investment bankers, said a third person directly involved with the negotiations. “We are having discussions with them,” said this person, adding that no final decision had been taken.
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