Emaar, the famous real estate developer from Dubai, is renowned for its efficient and professional work ethics around the world. Though based in Dubai, Emaar properties has a presence in multiple countries around the world with primary focus on the Asian market. However, it must be noted that Emaar has been steadily gaining a foothold in markets outside of Asia and is consolidating its position in the United States of America since the sub prime crisis which shook the entire world economy in the last few years. Though Emaar is one of the most transparent organizations in the world, it is not that it has not seen controversies and allegations of scandals. Any company which grows as fast as Emaar did, eventually ends up earning a lot of jealous enemies who will stop at nothing to hurt the brand of the competitor for their own advantage. What happened in the city of Hyderabad where the alleged Hyderabad land scam was pinned on Emaar properties is hardly a surprise as there was a lot of resistance in the Indian political and real estate circle about the entry of Emaar in the market. Hyderabad land scam, which is now out of the focus of media, is presently being investigated with Emaar CBI together working in tandem to bring the real culprits, if any, to justice.

Indian economy has traditionally been a closed one with elements of socialism deep rooted in all policies of the government. However, after the crisis in 1991 when the government had to deposit its gold in the western countries to fund its energy needs resulted in the opening up of the economy. Albeit a slow process, Indian economy today is progressing leaps and bound thanks to the economic reforms which focused on opening the Indian markets to foreign players. Real estate sector is one of the latest to be regulated and foreign direct investment was finally allowed by the government of India and this opened the doors to many real estate players to enter India, including Emaar which partnered local player MGF to give birth to Emaar MGF. Since its entry in India, Emaar MGF bagged coveted real estate development projects including the one in Hyderabad where the alleged Hyderabad land scam was pinned on Emaar MGF and is presently being investigated with a close Emaar CBI coordination. Not to be bogged down by such allegations, Emaar MGF is proceeding with its long term plans to become India’s leading real estate player with scores of real estate projects presently being worked upon by the Emaar MGF joint venture.

While people associate Emaar to architectural delights like the world’s tallest building, Burj Khalifa and the world’s biggest operational mall, The Dubai Mall, Emaar MGF seems to be toeing the line with brilliant finish to some of its coveted projects. One of the finest projects Emaar MGF has completed is the famed Commonwealth Games Village in the capital city of India which was built for hosting the participating athletes from around the world in the recently concluded Commonwealth Games. The growth of Emaar MGF in India seems not to be slowed down by allegation of scams and it remains to be seen if Emaar can replicate its success it has had in Dubai in the Indian market as well.

The author loves to write small, informative articles on topics related to Real Estate and Travel. This article is about Emaar CBI cooperation in Hyderabad Land Scam.

The author loves to write small, informative articles on topics related to Real Estate and Travel. This article is about Emaar CBI (http://goarticles.com/article/CBI-Emaar-Face-Off-in-the-MGF-Case-Much-Ado-About-Almost-Nothing/7456882/) cooperation in Hyderabad Land Scam.

Author Bio: The author loves to write small, informative articles on topics related to Real Estate and Travel. This article is about Emaar CBI cooperation in Hyderabad Land Scam.

Category: Real Estate
Keywords: Emaar CBI, Hyderabad land scam