Emaar Properties bullish on Indian realty sector; eyes to develop joint venture projects, new markets
In 2005, Emaar Properties entered the Indian real estate market in partnership with MGF group and invested Rs 8,500 crore through joint venture Emaar MGF Land Ltd.
The prince is inviting Dubai's biggest real estate developer Emaar Properties, chaired by Mohammed Alabbar, to team up with his investment firm Kingdom Holding on the project.
By sheer volume of residential units launched, NCR currently has higher number of units compared to the other five metros of Mumbai, Chennai, Bangalore, Kolkata and Hyderabad put together.
CBI had chargesheeted former Andhra Pradesh home secretary and senior IAS officer B P Acharya and others in the case relating to alleged irregularities in land transfer and sale of villas and apartments in the controversial Emaar Hills township project on February 1.
As part of its investigation in cases pertaining to YSR Congress chief Jaganmohan Reddy and "irregularities" in APIIC-Emaar land deal, the CBI on Sunday issued notices to two firms and was in the process of serving notices to other accused, including the YSR Congress chief.