Emaar properties, the world famous real estate giant based in Dubai, UAE, is also a key real estate player in the Indian market. With its entry in the Indian real estate market in the year 2005, the way Indian real estate players looked at the industry completely changed. For the first time, the focus of operations of all real estate companies in India shifted to timely delivery of projects without any compromise of the quality. India, known to be a slow moving elephant, has been witnessing very slow growth in the real estate sector till the entry of Emaar Properties. The real estate sector was deregulated in early 21st century and hence opened the doors to international players and facilitated the entry of Emaar which partnered a local real estate leader, MGF, to give rise to Emaar MGF. Since its entry into India, Emaar MGF has successfully delivered a host of projects ranging from luxury residential townships, Industrial infrastructure, IT parks, business hubs and other world class projects across the country. In the city of Hyderabad, however, the EMaar MGF combined had to witness an embarrassing situation when its name started doing rounds in an alleged scam known as the Emaar property scam. Though initial investigations by Emaar MGF, CBI, reveal that the real estate firm may have been falsely accused in the case, Emaar is not leaving anything to chance and is going full throttle in clearing its name from the scandal.

The truth may take a little while to come out but Emaar MGF CBI coordination in solving the alleged scandal is a fine example of how transparent organizations function. Known for its professionalism all over the world, Emaar has offered unconditional support to the agencies investigating the Emaar property scam. On the other hand, Emaar MGF has buried the ghosts of the past and are moving ahead with their mega plans across the country. Unfazed by the allegations, Emaar MGF is working full throttle on multiple projects all over the country and have hinted that it has long term plans for the Indian real estate market. One of the most ambitious plans of Emaar MGF, as per Indian standards, is to open the country’s first 7 star super luxurious hotels which it will not only construct but also manage as a hotel management company. It is to be noted that Emaar properties has long diversified its areas of business since it was launched in the year 1997 in Dubai. It not only constructs but also manages some of the world’s biggest real estates and business centers.

If the construction and management of the world’s tallest building, the Burj Khalifa, and the world’s biggest operational mall, the Dubai Mall, are anything to go by, it would not be surprising to see Emaar MGF launching the ambitious 7 star luxury hotels in India. Even in the Indian market, there are numerous examples of Emaar’s fine business ethics and efficiency, a case in point can be the commonwealth games village in the capital of India which left everyone in awe, including the international athletes who called this games village home during the commonwealth games concluded in the year 2010.

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 Property 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 Property 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 Property Scam.

Category: Real Estate
Keywords: Emaar Property Scam, Emaar MGF CBI