The allegations of scandal by Emaar Properties in India

Emaar entered India with the hope of modernizing luxury real estate in India. They came in 2005 with a local partner in the form of MGF, a company that was already well established in India. They began their work in grand scale with an initial capital investment of $4 million in India. Their constructions began in New Delhi and now, Emaar’s properties in India have gone leaps and bounds beyond their expectations. Their case was being studied in major business schools across the country for the rapid success rate they had achieved. They have reached a level today that very few people can even think of replicating. But every success stories have small shake ups that cause a minor dent in the path of growing companies. And Emaar is no different.
Their reputation suffered an unnecessary blow in the city of Hyderabad. The Emaar properties scandal in Hyderabad is still in the balance. But the scandal paused Emaar’s activities in the state of Andhra Pradesh. The company continued to grow in all aspects still in all other cities and states of the country. Today, the company has moved beyond Hyderabad and is planning to enter newer markets. They are also planning to enter the untouched sectors of real estate i.e. commercial, retail and hospitality in India. The scandal may have left a question mark in the minds of many of their followers, but in their current activities one can clearly see the drive to regain that image of perfection and grandeur.