Emaar Properties is one of the most renowned real estate developers in the world. Tracing its roots in the Middle East, Emaar Properties was founded in Dubai, one of the seven Emirates that collectively formed the United Arab Emirates in 1997. Since then, it has expanded operations all across the globe. As of today, Emaar Properties has flourishing real estate operations in country like Turkey, Syria, Tunisia, Morocco, Egypt, Pakistan and India.

The most prestigious project undertaken by Emaar Properties so far happens to be the architectural masterpiece Burj Khalifa or Burj Dubai which is believed to be the world tallest building. Another landmark achievement is the completion and management of the world largest functional mall, the Dubai Mall. With such outstanding masterpieces to its name, Emaar Properties entry into any new market is writ large with high expectations. It also creates a ripple in the already existing local key players in the market, and hence Emaar’s name is not free from uncalled criticism and farfetched allegations of which alleged Emaar Scam is one fine example. Far from the truth, these allegations are more likely to be a ploy to tarnish the name of the real estate firm.

Emaar Scam, the much media hyped land scam in the capital city of Andhra Pradesh, is emerging as a far more intricate ploy by persons with vested interest to mar the name of one of the best real estate firm in the entire world, Emaar Properties and Emaar MGF combined. Emaar accused of undervaluing land for a residential township has maintained that it had no mal intent in the alleged scam from the word go. And initial CBI investigation seems to support the claims of this global developer. This has made the real estate firm more resolute in finding the motive behind these false allegations and has offered all possible supports to the investigating agency, CBI or Central Bureau of Investigation.

In the Indian scenario, Emaar has joined MGF Development Limited in a joint venture in 2005 and operates as Emaar MGF, thus capitalizing on the opening Indian real estate market. Since then, Emaar MGF has taken the nation by storm with its superb architectural designs and masterful innovative construction. From the famed Commonwealth Games Village in the capital city to the very epitome of luxurious residential township, Emaar MGF has undertaken multiple projects all over the country. The city of Haryana, Punjab, Tamil Nadu, Kolkata, Andhra Pradesh and Maharashtra has seen the wonders of this masterful builder. Few notable projects taken up by Emaar MGF combined includes the magnificent Emerald Hills township in Gurgaon, the beautiful and contemporary residential spread of Esplanade in Chennai and the leisure and golf township of Boulder Hills in Hyderabad etc. Despite the minor hiccup of Emaar case in Hyderabad, Emaar MGF shows no signs of giving up the coveted position of numero uno in the country’s real estate and construction industry. It has even announced its grandest plan since its formation, the development of the finest seven star hotels ever seen by the nation, one in the very heart of the country New Delhi and another in the capital city of West Bengal, Kolkata.

The author loves to write small, informative articles on topics related to Real Estate and Travel. In this article, he is expressing his thoughts regarding Emaar scam.

The author loves to write small, informative articles on topics related to Real Estate and Travel. In this article, he is expressing his thoughts regarding Emaar scam (http://realestate-sector.blogspot.in/2013/02/emaar-going-great-guns-in-spite-of.html).

Author Bio: The author loves to write small, informative articles on topics related to Real Estate and Travel. In this article, he is expressing his thoughts regarding Emaar scam.

Category: Real Estate
Keywords: emaar scam, emaar case, emaar mgf scam, emaar accused