Adani Realty, Emaar Group said to cease talks on Indian real estate unit sale
Billionaire Gautam Adani’s real estate division has decided against buying the Indian unit of Dubai-based developer Emaar Group due to disagreements on valuation, according to people familiar with the matter. The Adani family and Emaar had been in talks for a sale of Emaar India Ltd. at an enterprise value of $1.4 billion, Bloomberg News reported in March. Two months prior, Emaar said it was in discussions with potential buyers in India, including Adani. The negotiations with Adani hit a snag because the two parties couldn’t reach a consensus on value, the people said, asking not to be identified because…