Emaar Properties is one of the foremost real estate builders in the international arena. Based in Dubai, Emaar properties is the brainchild of Dubai businessman crown holder Mr Mohamed Allabar. Founded in the late 90’s, Emaar success story has seen the lights of many a nation such as Saudi Arabia, Jordan, Egypt, Lebanon, Syria, Pakistan and India. Besides these emerging markets, Emaar is also a major player in developed western economies like the United States of America and the United Kingdom. The torch bearer in Dubai’s real estate development, Emaar properties has many grand structures to its name. The Burj Khalifa which is the most impressive structure to line the Dubai skyline and also recognised as the world tallest building is the handiwork of none other than Emaar Properties. The Dubai Mall which is considered as the largest functional mall in the entire world was built and managed by Emaar properties. Besides these, Emirates hills, Arabian ranches, the Lofts, the old town island, Burj Khalifa Boulevard, the residences, Burj views, many lakes, parks and gardens finds its way into the global real estate company’s portfolio. Strategising its global expansion plans, Emaar properties entered into international joint ventures with numerous countries of the world. Apart from its core business of real estate, Emaar has set its foot in various related areas like retail, education and healthcare on a global basis beyond Dubai.

In 2005, Emaar found its way into the Indian economy with the liberalization of FDI or foreign direct investment. As per norms, Emaar joined a local real estate player MGF Developmental Limited thus, birthing Emaar MGF. The brand Emaar MGF since its formation has been unstoppable in any part of the country. With extensive expertise in building luxurious residential complexes, Emaar properties and Emaar MGF combined took up many developmental projects all across the country. With major cities like New Delhi, Haryana, Punjab, Andhra Pradesh, Karnataka, Kerala, Chennai and Maharashtra adorns a swanky new look being touched with Emaar’s magic wand. There has been a steep increase in the numbers of residential township and commercial complexes in these cities with the coming of Emaar MGF.

The much acclaimed state of the art Commonwealth Games athlete Village in New Delhi s the considered as Emaar’s flagship project in India. These opulent villages housed international players during the games and showed the taste of India in the international market. Its success story changed the dimension for this global builder in the Indian real estate market. Except for a momentary distraction in Hyderabad, Emaar MGF has grown leap and bounds in India. In the Hyderabad Land scam also popularly known as Emaar case, Emaar Properties and Emaar MGF were allegedly accused of selling off plots for a luxurious township at lower prices to its customer. APIIC accused Emaar of diluting the public stake much to the charging of Emaar in the Hyderabad land scam. Since day one, Emaar has maintained its integrity and has claimed for no involvement in the entire Emaar case. CBI too has not found anything to frame charges against the global player indicating foul play and malicious intent of unknown parties. This has made Emaar more intent and has requested CBI for a full investigation to reach to the bottom of all this allegations. Emaar has left this episode of mudslinging far behind and allegations notwithstanding, Emaar has announced its stance in the Indian market with various lucrative projects in the pipeline making its intent very clear.

I am a freelance writer and enjoy writing small, informative articles on topics related to Real Estate, Travel, IT products for SME and sometimes about my experience with Hotels as well.

I am a freelance writer and enjoy writing small, informative articles on topics related to Real Estate, Travel, IT products for SME and sometimes about my experience with Hotels as well.

Author Bio: I am a freelance writer and enjoy writing small, informative articles on topics related to Real Estate, Travel, IT products for SME and sometimes about my experience with Hotels as well.

Category: Real Estate
Keywords: Hyderabad Land scam, Emaar case