Submitted by: Pankaj Wahal
Emaar Properties started operation in India in 2005 by entering into collaboration with mega real estate player, MGF Development Limited birthing Emaar MGF. Since its inception, Emaar MGF has taken up several important developmental projects all across the nation. Major Indian cities have seen a steep rise in the numbers of luxurious residential and commercial complexes with the coming of Emaar MGF. New Delhi, Haryana, Punjab, Andhra Pradesh, Tamil Nadu and Maharashtra are few major Indian cities that have been receptive to Emaar s glory. Unsurpassed luxury, superb designs, world class amenities and easy connectivity are the highlights of properties developed by this global brand. The Commonwealth Games village in New Delhi is perhaps the finest example of Emaar s unprecedented experience in the realm of construction and real estate development. Following in its wake is various modern and contemporary high rises in the neighbouring Gurgaon such as Palm Gardens, Imperial Gardens, and Gurgaon Greens etc. Each and every property has been hand crafted to perfection to meet International standards.
In Hyderabad, Emaar Properties became embroiled in a vicious controversy along with its state partner APIIC or Andhra Pradesh Industrial Infrastructure Corporation. This controversy centres around a premier leisure township developed by Emaar and APIIC together. Spread across 530 acres of land, the Boulder Hills Township is a luxurious residential self sustaining township encompassing villas, apartments, and a 5 star hotel surrounded by picturesque 18-hole golf course. In the controversy arising out of Boulder Hills Township, Emaar Properties was allegedly accused of selling off Boulder Hills plot in lower prices than agreed with the state principal in what came to be famously called Emaar case. Emaar thoroughly refuted all such nonsensical claims and demanded full scale enquiry to get to the bottom of all deals. Till date no charges has been framed against any officials of Emaar Properties or Emaar MGF combined for lack of evidences, however, CBI Emaar continues to cooperate in the ongoing investigation. Another outcome of continued CBI Emaar cooperation is the emerging can of dirty politics aimed at maligning the good name of the global player. Often regarded as one of the biggest hassle in the construction sector of the nation, Emaar case gained all the more attention from the media as several political bigwigs and celebrities were roped in for questioning by the investigating agency, CBI.
Although momentarily stunned with these iniquitous allegations of Emaar case, Emaar Properties has never backed down from its original mission of establishing itself as the quintessential real estate builder in the country. Bagging several prestigious projects all the across the nation, Emaar Properties and Emaar MGF combined has a powerful role to play in changing the looks of major Indian cities. From technology parks to shopping malls and finest 7 star hotels, Emaar Properties has gained nation-wide prominence and acceptance with its refinement and transparency. The Indian real estate development is sure to witness a rapid transformation with ventures that encompasses a complete spectrum of lifestyle change.
About the Author: I am a freelance writer and enjoy writing small, informative articles on topics related to Real Estate and Travel. This article is about