Tag Archive | "Emaar MGF"
Emaar MGF to buy back Citibank stake
Real estate major Emaar MGF is in talks with Citibank International to buy back securities of Emaar MGF Land Ltd. Citibank International, a company incorporated in Britain, had invested $150 million (Rs 685 crore) in convertible securities issued by Emaar MGF in 2006. In the past month, Citibank has been scouting for probable banks and institutions to [...]
Continue reading...A tale of two cities Delhi vs Mumbai
Saturday, July 31, 2010
Compared to Delhi, Mumbai will continue to have more supply of super-luxury homes There is a visible difference in the scale and volume of development in the luxury category in Delhi and Mumbai. While the high-end market of Mumbai is concentrated towards south and central region and has seen a growth of 4-and 5-BHK formats in [...]
Continue reading...Cash-strapped real estate developers wary of Street play
Friday, June 25, 2010
Real estate prices are soaring, but there are hardly any takers for initial public offerings (IPOs) of developers, thanks to slowing sales, high debt and a few flops. Emaar MGF Land and Lodha Developers are among the top real estate companies estimated to raise more than Rs 20,000 crore in initial offers this year, but are [...]
Continue reading...Commonwealth Games Village flats to go at market rate
Thursday, May 20, 2010
DA To Sell 700 Apartments In CWG Village At Rs 15,000 Per Sq Feet The rates of the once reasonably-priced DDA flats are getting real. The Delhi Development Authority (DDA) is talking of disposing of over 700 flats it owns in the Commonwealth Games Village at market prices. According to DDA estimates, the market rate is [...]
Continue reading...Hotels off DLF, Emaar plans; land on block
Friday, May 7, 2010
The capital-intensive nature and long gestation periods of hospitality projects are forcing real estate developers to rethink such ventures. While DLF has decided to sell about 7.5 acres of land in Kolkata and Gurgaon after scrapping plans to build luxury hotels there, Emaar MGF Land is putting on the block about 5.6 acres on Kolkata’s outskirts, [...]
Continue reading...Realty firms under scanner for slush funds
Sunday, April 25, 2010
Major realty firms of the country are under the probe of enforcement agencies for alleged violation of FDI terms and use of slush funds worth several thousand crore brought in from certain tax havens. While the Enforcement Directorate has carried out raids at premises of realty firm Emaar MGF for alleged violations of Foreign Exchange Management [...]
Continue reading...Emaar MGF told to pay Rs 75,000 compensation
Tuesday, April 20, 2010
The consumer forum held Emaar MGF Land Pvt Ltd guilty for neither allot- ting the plot nor refunding the deposited amount and directed to refund Rs 13.80 lakhs to the complainant, along with Rs 75,000 as compensation and Rs 5,000 as costs of litigation. Nikhil Saraf, proprietor of Ohm Fortune Land Base, Sector 15-C, Chandigarh, applied [...]
Continue reading...Emaar bets big on a high-return India
Friday, April 9, 2010
An official of Dubai-based Emaar Properties says it will continue to focus on India as it offers the best investment opportunities across the 16 countries in which the real estate developer is present. “Given the robust domestic market and high economic growth rate, India will continue to give superior returns compared to other countries in the developing [...]
Continue reading...Commonwealth village apartments ready, developer starts handing them to DDA
Friday, April 9, 2010
The Commonwealth Games Village luxury apartments are ready and Emaar MGF, the developer, has begun handing them over to DDA. The residential project on the banks of river Yamuna will house athletes and officials for the Games that will be held from October 3 to 14, 2010. “We have begun the process of handing over the apartments [...]
Continue reading...Emaar MGF to invest Rs 500cr on Gurgoan housing project
Thursday, March 11, 2010
Real estate major Emaar MGF will invest Rs 500 crore to build a mid-income housing project at Gurgaon in Haryana. The company, which plans to launch its initial public offer to raise up to Rs 3,850 crore, would develop 1,250 units in the 29 acre-project located at Sector-77 in Gurgaon. Sources said that investment in the project [...]
Continue reading...Emaar MGF gets Sebi nod for Rs 3,850-cr IPO
Saturday, March 6, 2010
Realty major Emaar MGF today said it has received the Securities and Exchange Board of India’s (Sebi) approval to launch its Rs 3,850-crore initial public offer (IPO). The company had filed draft red herring prospectus (DRHP) with the market regulator on September 29 last year. “We have received the final observations to our DRHP from the regulator. [...]
Continue reading...Real Estate Developers Reviving Big-Ticket Projects in Kolkata
Tuesday, February 9, 2010
Real estate developers are reviving big-ticket projects in Kolkata after securing a commitment from the West Bengal government that “some kind of incentive” would be offered to help them emerge from the downturn. The projects had been halted for at least 18 months. States such as Maharashtra, Gujarat and Uttar Pradesh have already announced incentives [...]
Continue reading...Emaar MGF Expands its Operations in Chennai
Saturday, January 23, 2010
Emaar MGF, a joint venture between Emaar of Dubai and MGF of India and a leading real estate development company, expanded its presence in Chennai with the launch of The Avenues on Tuesday. Wilson Mathews, Head, Sales (South), Emaar MGF, said ‘The Avenues’ was part of Esplanade, one of the largest residential projects (14 acres) [...]
Continue reading...LDA approval for township a tall order?
Wednesday, January 6, 2010
Lucknow: It might have constructed the world’s tallest building in Dubai but all is not well for EMAAR-MGF in the state capital. The builder’s two ambitious projects in the city — an integrated township and a Mall — are in a limbo. To begin with, the proposed integrated township on Sultanpur Road finds itself on a [...]
Continue reading...Emaar calls off merger in Dubai
Friday, December 11, 2009
In the backdrop of the debt crisis in the region, Gulf real estate firm Emaar Properties has called off its proposed merger with state-owned Dubai Holding, citing the deal is not “economically viable”. The move comes in the midst of realty firm Emaar-MGF, the Dubai entity’s JV with domestic company MGF Development, preparing an initial public [...]
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Wednesday, August 4, 2010
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