Emaar CBI connection in regards to Emaar Scam is a blessing in disguise for the real estate developer as detailed CBI investigation has revealed no evidences against the global player, thus clearing its role in the much hyped Emaar Scam. Emaar, co-accused along with APIIC or Andhra Pradesh Industrial Infrastructure Corporation were embroiled in a controversy surrounding a luxurious township in the capital city of Andhra Pradesh, Hyderabad. The township spread across an area of 531 acres. Surrounded by a beautiful 18-hole international standard golf course, each residential unit within the gated boundary of this luxurious township was built to adhere to international living standards. A self sustainable unit, the township even encompasses a resort style 5 star hotel. Emaar was accused of allegedly undervaluing the plots of the township, which the real estate company has strongly denied. This controversy came to be known as Emaar Scam in the real estate industry of the country. The scam gained all the more popularity as many high ranking officials and film stars were roped in by CBI for questioning. Throughout the investigation Emaar CBI cooperation is exemplary and eye opener for media and competitors alike.

Starting its operation in India in 2005 following the deregulations of foreign trade, Emaar joined India’s own MGF Development Limited in a joint venture and bought along with it a huge kitty amounting to over a half billion US dollars in FDI, which is considered as one of the largest FDI in the real estate sector of that time. Since its formation, Emaar MGF has been busy planting the seed of success throughout the country. Major Indian cities saw an unprecedented rise in the number of luxurious residential and commercial complexes with the coming of this global player. New Delhi, Haryana, Punjab, Tamil Nadu, Andhra Pradesh, Karnataka, Maharashtra and Kerala are few Indian cities where Emaar MGF has scattered an array of stylish world class properties. With its signature designs and quality, Emaar MGF is forging ahead of several market leaders not only in the realm of residential properties but also in commercial, technology and retail hubs.

Emaar MGF, the creator of several mega projects including the Commonwealth Games Village in New Delhi and India’s largest convention centre in Hyderabad, HICC (Hyderabad International Convention Centre) has been recognised world over for its ace customer service. Equally acclaimed are its exceptional designs, outstanding level of luxury and security. Emaar MGF’s glory has found manifestation in the plush apartments of Emerald gardens in Gurgaon, Boulder Hills in Hyderabad amongst other. Besides the brief setback with the infamous Emaar scam, Emaar MGF has been on the climb with several lifestyles changing projects all over the country. The master builder has recently announced its plans to build the finest of 7 star hotels in the country’s capital city New Delhi and Kolkata. The real estate giant has even shown interest in managing these luxurious properties on completion. It is just a matter of time before the brand creates the same waves in Indian hospitality management as it has in the real estate industry.

I am a freelance writer and enjoy writing small, informative articles on topics related to Real Estate and Travel. This article is about Emaar 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 Scam (http://www.abcarticledirectory.com/Article/Emaar-Scam-Accused-Extend-Full-Cooperation-As-Dubai-Developer-Criticizes-Media-for-the-Undue-Hype/1825032)

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 Scam

Category: Real Estate
Keywords: Emaar Scam, Emaar CBI