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Apr 10, 2013

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Real Estate

Hyderabad Land Scam Leaves Emaar Untainted

Based in Dubai, Emaar is one of the leading property developers in the world. It has endowed Dubai with beautiful homes and skyscrapers that are recognized globally. The real sector giant ventured in Indian territory in 2005 as a joint venture with MGF Development Limited. In a very short span of time, Emaar has revolutionized luxury living in India by establishing premium properties in different parts of the country including Delhi NCR, Chennai, Hyderabad, Lucknow etc. This stupendous success was briefly overshadowed by an alleged land scam in which Emaar eventually proved its innocence. In fact the alleged Hyderabad land scam did not have any impact on Emaar’s commitment to its objective of building unique, innovative and luxurious infrastructures in India.  (May 30, 2013 | post #1)

Real Estate

Emaar’s Success Overshadows Emaar Scam

The end of 20th century saw the emergence of Emaar properties, which within a short spam of time took the real estate market by storm. While the world watched awestruck, the Dubai-based property developer went into building incredible architectural marvels such as Burj Khalifa, Dubai Marina, Emirates Hills, The Meadows and many more. The property developer, which entered Indian market in 2005, has established a firm hold in luxury construction. Though the real estate giant was alleged to have played a role in the Emaar scam, it has remained unperturbed and continued its remarkable growth. The company has already wooed India by developing some splendid properties like The Boulder Residency in Hyderabad, Gomti Green in Lucknow and 2010 Commonwealth Games Athletes’ village in New Delhi.  (Apr 12, 2013 | post #1)

Real Estate

Despite the Emaar Scam Accused Tag, Real Estate Giant Bui...

After the real estate veterans, Emaar Properties of Dubai and MGF of India decided to collaborate in 2005, they have seen a significant expansion in their big business. In a bid to compliment each other’s positive goals, the tie-up managed to develop various residential & commercial complexes across major states of India including Delhi, Haryana, Tamil Nadu, Andhra Pradesh and Karnataka. Even before it consolidated its position, the organization was accused which found various mentions in Indian media as “Emaar scam accused”. Their response to being falsely framed was to sustain firmly on their policies of transparency and cling on to their reputation by undertaking new innovations and a fresh venture in the hospitality sector of India.  (Apr 10, 2013 | post #1)

Real Estate

CBI Emaar Probe Begins

On insistence of the Andhra Pradesh high court, CBI has begun probing Emaar’s involvement, if any, in the widely publicized Emaar-MGF scam. Even after taking the main culprit in custody from the Andhra Pradesh Industrial Infrastructure Corporation (APIIDC), the court has ordered an enquiry through the country’s internal investigation body. If the media is to be believed, Emaar Properties is at the centre of the controversy, however, that is not the case. Emaar is still going strong in the market and is constantly breaking new grounds. Going by these stories, Emaar should not have been able to maintain market share or gain new projects. Business confidence is still strong, even though there were minor tremors due to CBI Emaar probe initiation. This has not worried the company and it continues to prepare a strong case to keep itself clean and work towards establishing and maintaining its commitment for transparent dealing.  (Apr 10, 2013 | post #1)

Real Estate

Regardless of the Suspected Emaar Case, Boulder Hills a B...

Located in Hyderabad, Boulder Hills Golf & Country Club is a leisure and residential community which sprawls across 500 acres. The group responsible behind this is the much acclaimed venture of known real estate personalities called Emaar MGF. Emaar is the global realty player known for its architectural marvels such as Burj Khalifa and The Dubai Mall. The organization entered in to a venture with MGF and commenced its operations in February 2005. The name behind commonwealth games village, was also caught in alleged Emaar case that sprung up during the Boulder Hills project but irrespective of all the claims, Emaar MGF emerged as a winner.  (Apr 10, 2013 | post #1)