In Spite of Emaar MGF Scam, Emaar Continues to Grow

Posted in the Real Estate Forum

Since: Jan 13

Location hidden

#1 Jan 9, 2013
It was in the year 2005 that a joint venture happened between Dubai real estate developer “Emaar Properties” and Indian company “MGF”. Emaar maintained its reputation of being one of the biggest real estate investment companies by making the largest FDI of around US$ 4 billion in India. The company along with its Indian partner “MGF” has developed various residential, commercial and retail properties across major states of India including Delhi, Haryana, Tamil Nadu, Andhra Pradesh and Karnataka. The company is growing very quickly in India and in such a short span of time it has managed to become one of the biggest real estate developers in India.
But recently a road block occurred for this real estate giant in the state of Andhra Pradesh. The Boulder Hills residential township built by the company in Hyderabad is being criticized for wrongfully selling off the plots. As a result of this property dispute, assets of the company are being reviewed and a detailed investigation into this matter is going on.
In spite of all the allegations made against them, Emaar MGF continues to expand their operations in India. After making their mark in residential and commercial sectors, they are now planning to enter hospitality sector in India. For this, the company has planned to build two 7 star hotels in New Delhi and Kolkata.

Since: Jan 13

New Delhi, India

#2 Jan 16, 2013
Emaar's entrance in India and its collaboration with MGF Development Limited is a positive thing for India as it will help in the growth and development of Indian real estate sector. Emaar has the potential of changing the face of India in the way it has transformed Dubai.
Pankaj Wahal

India

#3 Jan 21, 2013
Emaar is one of the leading real estate developers in the world and news like emaar scam and property scandal,cannot hinder the growth of Emaar.

Since: Jan 13

Location hidden

#4 Jan 21, 2013
EmaarMGF is big group in Indian real estate and most of the time these things be happened in real estate.
Meghna Roy

New Delhi, India

#5 Mar 1, 2013
Controversies like Emaar MGF Scam cannot cause a roadblock in the development path of such a big company like Emaar. Emaar has established a name for itself in the real estate sector of Dubai and now it is carrying that same legacy to India.
John Charles

New Delhi, India

#6 Apr 1, 2013
Real estate is a big industry and controversies like Emaar MGF Scam keep happening in such a big industry. But Emaar was falsely accused in this case as no evidence has been discovered so far against them.
Surbhi Verma

India

#7 Apr 12, 2013
The media created the hype about Emaar MGF scam. While the controversy may be entirely untrue, the role of Emaar Properties in this scam seems to be all the more further from the truth.
Kalpana

India

#9 May 30, 2013
I completely agree with you... Undeterred by the negativity of Emaar MGF Scam, Emaar has bagged various lucrative projects across India. All these projects unveils the seriousness of Emaar's interest in our country.

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