New Delhi: Under its plan to expand its realty business, billionaire Gautam Adani’s group is likely to acquire real estate company Emaar India for an enterprise value of around USD 1.4-1.5 billion, sources privy to the deliberations said on Thursday.

After entering the Indian real estate market in 2005 in partnership with India’s MGF Development, Dubai-based Emaar Properties had invested Rs 8,500 crore through the joint venture firm Emaar MGF Land.