-
Adani Realty is interested in acquiring Jaypee’s real estate assets, which are under insolvency proceedings.
-
Jaypee holds large parcels of land along the Yamuna Expressway, a scarce resource in the region.
-
The acquisition could boost Adani Realty’s presence in Noida and benefit from the upcoming Noida International Airport.
Adani Realty, the real estate arm of Gautam Adani’s group, is eyeing Jaypee’s real estate assets to strengthen its presence in Noida. Jaypee’s assets, which are under insolvency proceedings, include large parcels of land along the Yamuna Expressway. This land is scarce in the region, making it an attractive opportunity for Adani Realty.
The acquisition could help Adani Realty tap into the growing demand for real estate in Noida, driven by the upcoming Noida International Airport. Land prices in the region have already jumped manifold since the airport project gained momentum in 2018. With Jaypee’s land assets, Adani Realty could launch mega projects in the region, addressing the shortage of land availability.
The move could also benefit Adani Realty by providing a foothold in Noida, a market that has been challenging for developers due to land availability and clearance issues. If successful, the acquisition could boost Adani Realty’s fortunes and cement its position in the real estate market.
