Bengaluru, March 18 -- The Adani Group's acquisition of Jaiprakash Associates Ltd (JAL) out of insolvency is set to significantly scale up its real estate ambitions in north India, giving it access to a vast land bank and a pipeline of stalled housing projects in the National Capital Region (NCR), where it has had limited exposure so far.

The National Company Law Tribunal's (NCLT's) approval of Adani Enterprises Ltd's (AEL's) Rs.15,000-crore-plus resolution plan for JAL hands the group a ready-made real estate platform spanning 3,985 acres across Noida, the Yamuna Expressway and Greater Noida, at a time when land scarcity and surging prices have intensified competition among developers.

The Ahmedabad-based ports-to-power conglomerate's ...