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.
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.
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