Emaar accused in the alleged controversy surrounding Boulder Hills Township in the city of Hyderabad has announced its full co-operation to the investigating state agency, Central Bureau of Investigation (CBI). Emaar accused of selling off Boulder Hills plots to the community at lesser value than agreed with its state partner APIIC (Andhra Pradesh Industrial Infrastructure Corporation) has thoroughly refuted the allegations. Investigation is ongoing in the Emaar Property scam and till date no evidences has been found against the property developer. Besides giving a clean chit to Emaar, initial investigation by CBI is hinting at a strong mudslinging campaign against the real estate developer. Emaar has agreed to help CBI in every possible way to get into the heart of the matter.

Emaar Properties is globally acclaimed for its outstanding designs, architecture, unique concepts and customer services. Listed in Dubai stock exchange as a Public Joint stock Company, Emaar Properties was founded in the late 90’s by one of the most ingenious businessman of this world, Mr Mohamed Alabbar. Under his entrepreneurial leadership, Emaar reached its height of glory in the world famous Burj Khalifa, stated to be the world tallest building. Another equally wondrous creation of Emaar is the Dubai Mall, one of the largest shopping malls in the world. With such architectural masterpiece under its cap, Emaar Properties spread across several countries and continents. A market leader, Emaar properties has more than 50 active companies under its corporation and spans across 16 markets. Several Middle Eastern countries like Jordan, Syria, Lebanon, Morocco, Saudi Arabia, Turkey, Tunisia and Egypt and Asian sub-continents particularly Pakistan and India are no stranger to Emaar’s innovative concepts. Besides hand crafted luxurious residential properties, Emaar has built numbers of business hubs, commercial complexes, entertainment zone and IT parks. Dubai has seen a multitude of entertainment parks in the last two decades and the real estate developer’s name is behind some of the most famous ones. With such overwhelming success in Dubai, Emaar has a grand vision to establish itself as the quintessential builder in the world and the manifestation of this vision is visible in Emaar rapid global dominance with several international joint ventures.

In India, Emaar MGF was formed with the merger between Emaar Properties and MGF development Limited in 2005. Many favourable conditions marked the entry of Emaar Properties in the Indian scenario. A steady economy with expected growth rate of 7 % with huge contribution from the growing real estate sector coupled with the ever increasing demand for the world class living standards among the Indian masses are few conditioners that paved the success chart for this global player. Each and every property of Emaar is the epitome of luxury, comfort and convenience in an upscale location. Few notable properties developed by Emaar include the Commonwealth Games Athlete Village in New Delhi, contemporary apartments of Imperial Gardens and exquisite villas of Marbella in Gurgaon, Boulder Hills Residential Township in Hyderabad, the swanky Esplanade in Chennai and the luxurious Terrace Villa floor in Mohali amongst other. Barring the small fiasco of Emaar property scam in Hyderabad, Emaar Properties and Emaar MGF combined has not sidetracked from its original mission of redefining global lifestyle.

I am a freelance writer and enjoy writing small, informative articles on topics related to Real Estate and Travel. This article is about Emaar Property Scam.

I am a freelance writer and enjoy writing small, informative articles on topics related to Real Estate and Travel. This article is about Emaar Property Scam (http://realestate-sector.blogspot.in/2013/02/emaar-going-great-guns-in-spite-of.html)

Author Bio: I am a freelance writer and enjoy writing small, informative articles on topics related to Real Estate and Travel. This article is about Emaar Property Scam.

Category: Real Estate
Keywords: Emaar Property Scam, Emaar accused