Hyderabad land scam notwithstanding, Emaar MGF is all set to become India’s biggest real estate developer

In 2005, Emaar entered the Indian market in an alliance with MGF Development Limited and bought a whooping sum of over half a billion dollars in the form of FDI, which was the biggest investment by a foreign company at that time in the Indian market. Taking up major developmental projects in all corners of the country covering major cities like New Delhi, Haryana, Punjab, Karnataka, Andhra Pradesh, Kerala and Maharashtra. Almost all the projects pertain to residential structures which includes private villas, services apartments and integrated township. Besides residential complexes, the real estate firm has built several commercial complexes, landscape gardens and even basic civic and public utilities.

In the city of Hyderabad, Emaar’s work was momentarily stalled as Emaar MGF along with APIIC or Andhra Pradesh Industrial Infrastructure Corporation was caught in a web of allegations pertaining to a township co-developed by both. Accusations of diluting public stake in the ill fated venture were made though the stakeholders have denied any involvement in the alleged Hyderabad land scam.

Unfazed by the minor hiccup in Hyderabad, Emaar still continues to be in the forefront of Indian real estate. The timely completion of its flagship project, the Commonwealth Games village has earned the praise of critics and competitors alike. Quelling fears of instability due to the Hyderabad fiasco, Emaar has announced the acquisition of prime location for building seven star hotels in the capital city and also in Kolkata. On the whole, Emaar MGF is all set to become the biggest player in the Indian real estate world.

Emaar Property scam in no way hinders Emaar MGF’s growth

Emaar Property scam or Emaar MGF scam in which Emaar was allegedly accused along with APIIC for undervaluing of land for Boulder Hills Township in Hyderabad is considered as one of the most overhyped case in the Indian real estate industry. State government run APIIC or Andhra Pradesh Industrial Infrastructure Corporation was entrusted with the task to build an upscale integrated community in the heart of the state capital, Hyderabad.  APIIC took in Emaar as a co-developer, thus capitalizing on Emaar’s extensive expertise on integrated community concepts. Built across 531 acres, Boulder Hills Township is constructed around an 18-hole golf course and offers the best of designs and quality. However, this dream project became shaky as rumours of irregularities in land acquisition started doing the rounds and media added more fuel to the fire by naming it Emaar MGF scam. However, the real estate developers have always claimed for non-involvement in any mal practice and have extended support to the investigating agencies.

Emaar MGF has come a long way from where it started in 2005 and still is the forerunner in Indian real estate development. Announcement to build and manage the finest seven star hotels in the capital city of New Delhi and Kolkata has made several market watchers to sit up and take notice of this global giant. Besides, the real estate developer has also charted it future with several big projects all across the country.

Emaar CBI seeks real culprits in Emaar Scam

Dubai based Emaar Properties is one of the leading real estate developer in the Indian subcontinent. Its Indian branch, Emaar MGF has developed scores of residential townships, commercial complexes and many other industrial infrastructures throughout the country. The famed commonwealth Games Village is one of the finest examples of Emaar’s finesse and elegant workmanship. Globally renowned for developing superb architectural masterpiece, the commonwealth games village in the capital city of New Delhi is just a drop in the vast ocean of Emaar’s wondrous creations with Burj Khalifa leading the index. Its just a matter of time before the Indian subcontinent is engulfed in an epic infrastructural makeover by the world foremost construction and real estate developer, Emaar Properties. From New Delhi to Chennai, no major Indian cities have been left untouched by Emaar’s glorious manifestations.

However, Emaar’s offshoot in the Indian shores, Emaar MGF was rift with allegations of involvement in one of the most infamous scandal in the construction industry of the country, Emaar Scam. Alleged Emaar scam centres around APIIC illegal acquisition of land for a luxurious residential township jointly developed by Emaar and Andhra Pradesh state run APIIC or Andhra Pradesh Industrial Infrastructure Corporation in the state capital, Hyderabad. The scandal caught the frenzy of media and it was hitherto christened “Emaar Scam”, raking in unwanted publicity for the global developer for no real fault of its own. Emaar has offered unconditional cooperation to CBI, the state investigating agencies. Together Emaar CBI seeks the real culprits and the motive behind the agenda of besmirching the impeccable repute of this world class builder.

Today, Emaar scam notwithstanding, Emaar has grown leaps and bounds in the Indian real estate industry. Scores of high end developmental projects all across major cities is a proof of Emaar’s long term interest in the Indian subcontinent.

Emaar CBI seeks real culprits in Emaar Scam

Dubai based Emaar Properties is one of the leading real estate developer in the Indian subcontinent. Its Indian branch, Emaar MGF has developed scores of residential townships, commercial complexes and many other industrial infrastructures throughout the country. The famed commonwealth Games Village is one of the finest examples of Emaar’s finesse and elegant workmanship. Globally renowned for developing superb architectural masterpiece, the commonwealth games village in the capital city of New Delhi is just a drop in the vast ocean of Emaar’s wondrous creations with Burj Khalifa leading the index. It s just a matter of time before the Indian subcontinent is engulfed in an epic infrastructural makeover by the world foremost construction and real estate developer, Emaar Properties. From New Delhi to Chennai, no major Indian cities have been left untouched by Emaar’s glorious manifestations.

However, Emaar’s offshoot in the Indian shores, Emaar MGF had a minor hiccup with allegations of involvement in an alleged scandal in the construction industry of the country, Emaar Scam. Alleged Emaar scam centres around illegal acquisition of land for a luxurious residential township jointly developed by Emaar and Andhra Pradesh state run APIIC or Andhra Pradesh Industrial Infrastructure Corporation in the state capital, Hyderabad. The scandal caught the frenzy of media and it was hchristened “Emaar Scam”, raking in unwanted publicity for the global developer. Emaar in its stance to clear its name has offered unconditional cooperation to CBI, the state's investigating agency. Together, Emaar CBI seek the real truth and the real estate firm hopes to maintain its impeccable repute.

Today, Emaar scam notwithstanding, Emaar has grown leaps and bounds in the Indian real estate industry. Scores of high end developmental projects all across major cities is a proof of Emaar’s long term interest in the Indian subcontinent.

Emaar MGF rules Indian real estate even after alleged Hyderabad landscam

Emaar Properties has been one of the major players that real estate sector has witnessed in the last couple of decades. Founded in the late 90’s, Emaar is now a globally renowned name with its operations spanning across various countries like Saudi Arabia, Africa, Egypt, Syria, Lebanon, Turkey, United Kingdom, United States of America, Pakistan and India amongst other. With various operational areas such property development, financial investment, property management, healthcare, education, hospitality and retail, it has been recognized by the world at large as a one stop company.

India has not been a stranger to the wonderful innovative concepts of this global player. Emaar MGF, the Indian subsidiary was formed in 2005 along with the country’s very own real estate player MGF Development Limited. While Emaar properties fame is worldwide, MGF too has various prestigious ventures in its kiity albeit within the realm of the Indian sub-continent. This partnership of two great entity resulted in a series of infrastructure development projects across the entire country. New Delhi, Gurgaon in Haryana, Mohali in Punjab, Hyderabad in Andhra Pradesh, Karnataka, Kolkata, Chennai are few major cities that has seen the footprints of this global player.

Being the centre of its operational hub, Gurgaon most of all has seen steep rise in swanky and contemporary structures coming up along its street. Besides exclusive villas, apartments, and townships, the global real estate company has developed numerous commercial malls and technology parks. Barring the small setback in Hyderabad due to the alleged Hyderabad land scam more popularly known as MGF scam, Emaar has had a field day in the Indian market. Leaving the scandal behind, Emaar MGF has made a name for itself in the Indian real estate sector with various magnificent structures. The builder of 2010 Commonwealth Games Athlete Village, Emaar MGF has announced various initiatives in the hospitality sector including the dream project of building the most luxurious 7 star hotels.

Emaar mgf, cbi continue to work together to unearth the real culpritsin Emaar scam

Emaar Properties started its operation in India with a joint venture with India’s very own real estate developer MGF development Limited and gave birth of Emaar MFG in 2005. With a huge capital outlay of more than 4 billion US dollar, Emaar brought the largest FDI amounting to over half a billion US dollars which was the largest of its kind at that time. Since then, Emaar MGF has been unstoppable. Many major Indian cities including capital city of Delhi, Gurgaon, Mohali, Hyderabad, Maharashtra, Karnataka, etc. have been touched by Emaar’s ever increasing tentacles. The creator of several magnificent architectural wonders like the Burj Khalifa and Dubai Mall, Emaar added another feather in its cap with the completion of world class 2010 Commonwealth Athlete games village in the capital city of Delhi. The exceptional architectural designs and on time delivery earned praises from all quarters including critics and rival companies. With this feat, Emaar established itself as one of the chief builder in the country.

Emaar MGF continued to add cities after cities in its list of conquest. However in 2011, Emaar MGF’s boat was rocked with an allegation of undervaluing land in a bid to dilute public stake in Andhra Pradesh Industrial Infrastructure Corporation Limited (APIIC) dream project in Gaichibowli, Hyderabad. Emaar scam accused have denied all allegations and investigations are ongoing into the controversy.  Leaving the scam behind, Emaar properties have announced several long term projects all across the country.

Emaar continues to transform Indian Skyline after the Emaar case

Emaar Properties, Dubai based property developer and premier lifestyle provider entered into a joint venture with MGF Development Limited in 2005 called Emaar MGF, thus embarking on a journey with a mission committed to improving the state of living across border. Emaar with its expertise in conceptual designs and innovative living concepts has found a solid base for expansion in the Indian real estate market. The boom in the Indian real estate market makes it a key revenue generator for Emaar. Emaar and MGF combined has undertaken major developmental plans all over India covering major states like Delhi, States of Haryana, Mohali in Punjab, Andhra Pradesh, Karnataka, Tamil Nadu, Kerala and Maharashtra. With primary focus on residential townships, villas, and commercial complexes, Emaar is known for its precision and innovative structures.
In Hyderabad, Emaar found itself engulfed in controversy when allegations were made against APIIC for illegal land acquisition for Boulder Hills Project and subsequent dilution of public stake. The company had to face embarrassment due to the subsequent investigation in Emaar case, the report from the investigation is due. In the wake of the Emaar case, Income tax department also conducted searches at various office of the company to unearth hidden wealth but nothing much was discovered. The Dubai developer criticizes this hasty action of the local bodies and till date, no charges have been proven.

Emaar MGF, despite the minor setback in Hyderabad with the infamous Emaar MGF scam has not only gained nation wide acceptance and but is highly touted for its innovative and exclusive creations. From seven star hotels to commercial hubs and IT parks, Emaar MGF will surely play a pivotal role in transforming the landscape of the country.

Emaar on its way ahead

Emaar Properties, based in Dubai tied up with Indian real estate giant, MGF Development limited in 2005.  Since then, they have established themselves as one of the key players in Indian real estate sector. The Indian real estate sector was rapidly growing at a rate of 20 percent every year and was contributing 5.6 percent to overall GDP of the economy. Emaar initially focused on the residential real estate sector which was growing at 19 percent per year. Emaar was planning new residential plots all across the country and till date has developed more than 15 luxury residential complexes in various metropolitan cities. Being already an established name in Dubai real estate sector, Emaar has very strong backing and thus expectations were high. The Commonwealth Games village was their first project in India and was successfully completed in 2010. With its completion, Emaar has established a niche for itself in the Indian real estate sector.

With its success story in Delhi and NCR, Emaar is planning various new projects in other states of India. But, state of Andhra Pradesh became off-limits for Emaar-MGF  because of the Emaar Properties case that took place in 2011. Allegations have been made against the company for breaking the rules of engagement with its state partner, the APIIC (Andhra Pradesh Industrial Infrastructure Company). The CBI summons have been issued and investigation is ongoing. The company has done various awe-inspiring works in India. They have established themselves at par with other leading real estate developers in the country. With numerous projects planned all across the country, it seems the company will move in the forward directions only.

Undaunted by Emaar Properties case, Emaar forges ahead

Emaar is one of the world’s foremost real estate companies. With operations in 14 countries, Emaar is a key player in real estate across residential, commercial and other segments. Partnering with MGF in India, Emaar came with great plans to India in 2005 and has become one of the biggest real estate developers not only in India but across the globe. Lead by Mohammed Ali Rashid Alabbar, the company has expanded in leaps and bounds since its foray into the country 8 years ago. With some of the most spectacular architectural piece to its credit, Emaar has made a name for itself as the company that does not compromise on the grandness of each of its construction.

Emaar made its entrance in India when the real estate sector was booming. Their first infrastructural project in India was the much admired Commonwealth Games Village in Delhi, which they completed in 2010. Since then, they have established itself at par with all other world class developers in India. After the successful conquest of Delhi & Gurgoan, Emaar has expanded into many other metropolitan cities of India. Barring the minor hiccup at Boulder Hills project at Gaichibowli where allegations were made against them for farcical sale of Boulder Hills' residential plots commonly known as Emmar Properties case, Emmar has established itself as a key player of impeccable repute in the Indian real estate market.  After conquering commercial and residential real estate, the company now plans to move into retail & hospitality sector of the country. Their plans are ambitious and see India as a very profitable destination.

Emaar- Creating New Standards

Since its inception in Dubai, Emaar has been company focused on providing quality infrastructure to its clientele. On its arrival in India, they have been able to challenge the competitors with its region-specific designs, and able to create value, for its clients, that’s was earlier missing. Emaar MGF is a JV between Dubai-based Emaar and MGF India, which has been developing Boulder Hill Golf & Resort Residency, Hyderabad among others.

Emaar has single-handedly heralded a revolution in the Indian real estate market with transparency, quality and inspiring infrastructure. From hotels to corporate parks and residential complexes, Emaar MGF has done it all. Emaar MGF has continued to develop imaginative projects in North India. Being a developer with a global presence, Emaar can be credited for showcasing Dubai as a global construction hub. Emaar MGF aims to replicate its success in Dubai, in India.

Emaar MGF has been among the first few firms with quality international expertise to enter the Indian property markets. Entry of a foreign player created a lot of expectation and hopes of better quality products. Emaar did not let the consumer confidence go in vain and soon proved that real-estate crown in India had a new contender. Dubai-based real estate developer has set new standards in the market.