Adani Group Eyes Sahara Assets to Build One of India’s Largest Land Banks

The Voice of Chandigarh 

In a significant development in India’s real estate and corporate restructuring landscape, Adani Properties Ltd, the real estate arm of the Adani Group, has approached the Supreme Court of India seeking permission to acquire 87 assets belonging to the embattled Sahara India Commercial Corporation Ltd (SICCL).

The proposed acquisition — one of the largest of its kind — includes land parcels, hotels, residential townships, and commercial properties spread across multiple states. If approved, this transaction could transform Adani into one of India’s largest holders of premium real estate assets.

The move follows Sahara’s submission to the Supreme Court on September 6, 2025, proposing to sell 88 properties to Adani Properties as part of efforts to raise funds to repay investors linked to Sahara’s bond schemes, which were declared illegal by SEBI.

The Supreme Court has sought responses from the Central Government and the Securities and Exchange Board of India (SEBI) before deciding on the proposal. Proceeds from the sale are expected to be deposited into the SEBI–Sahara Refund Account, ensuring investor repayment under judicial supervision.

The acquisition aligns with Adani Group’s broader vision of expanding its presence in real estate, hospitality, and integrated townships. Key properties under consideration reportedly include the Aamby Valley Township near Mumbai, the iconic Sahara Star Hotel, and several large-scale land parcels across metro and tier-II cities.

This move will:

• Strengthen Adani’s land bank for future residential and commercial projects.

• Facilitate the revival and redevelopment of stressed assets under a single strategic framework.

• Enable entry into premium hospitality and township segments with ready-to-develop assets.

A senior industry analyst commented that the proposed transaction “could reshape India’s real estate ownership landscape by consolidating large, scattered assets into a single corporate entity with proven development capability.”

The matter will be heard again by the Supreme Court on November 17, 2025, where responses from SEBI and the Central Government will be reviewed. The Court is expected to assess the valuation process, repayment mechanisms, and compliance with existing judicial directives before granting approval.

Once cleared, the deal could pave the way for faster investor repayments and the revival of several stalled Sahara projects that have been dormant for years.

The proposed acquisition comes at a time when institutional and private equity investments in Indian real estate are witnessing a consolidation phase. Experts say the Adani–Sahara transaction could become a benchmark for judicially supervised asset restructuring in India’s property sector.

If successful, the deal will mark one of India’s largest real estate consolidations, unlocking vast development potential while ensuring transparency and legal compliance.