Adani Group wins NCLT approval for JAL acquisition, marking major expansion into north India real estate. The 15,000-crore-plus deal grants Adani Enterprises access to a 3,985-acre land bank across Noida, Yamuna Expressway, and Greater Noida, significantly strengthening its presence in the National Capital Region where it previously had limited exposure. The acquisition includes prime projects like Jaypee Greens and Jaypee International Sports City near the upcoming Noida International Airport, plus thousands of undelivered apartments. Beyond real estate, Adani gains 6.5 million tonnes of cement capacity in Uttar Pradesh and Madhya Pradesh, along with limestone mines and raw material linkages. The move comes as land scarcity and rising prices intensify developer competition.
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