NRI Real Estate and Property Investment in India
 |  WWW.NRIREALTYNEWS.COM
IREF- Join Now
 
Emaar-MGF announces Project Portfolio
Thursday, June 07, 2007

Emaar-MGF is on a major expansion spree with grand plans of real estate projects located across several Indian states. The package entails a total investment of USD 12 billion over the next five years.

Stepping up from residential packages which have already been initiated in Gurgaon and Mohali, the joint venture is now geared for an entry into Special Economic Zones, hospitals, schools and hotels.

The company has chalked out plans for 25,000 hotel rooms over the next decade, which would be divided over 10 luxury hotels and 100 budget hotels. The group has tied up with Accor of France for the economy hotels.

The 9 multi-product SEZs would be located in Haryana, Tamil Nadu, Andhra Pradesh and Karnataka. 50 hospitals and schools will also be constructed in all its townships.

The group’s first school is slated to start in Neemrana with a student capacity of 1800. The company is also exploring options for shopping malls, and is in the process of locating sites for these projects.

The group’s current projects include Palm Springs villas and apartments in Gurgaon and the Views in Mohali. The approval from the Punjab Government has paved the way for Emaar MGF’s mega residential project in Mohali. Emaar-MGF would be raising funds from the public by the end of 2007 to finance these projects.

The company plans to offload 15-20% of its equity to raise USD 1.1 billion

Related Reading

Emaar-MGF tie-up with Premier Inn for Budget Hotels
Emaar-MGF Emerges Sole Bidder for C’Wealth Games Project
Emaar-MGF’s Mohali Project Takes Off


Add to your Social Bookmarks:
ADD TO DEL.ICIO.US ADD TO DIGG ADD TO FURL ADD TO NEWSVINE ADD TO NETSCAPE ADD TO REDDIT ADD TO STUMBLEUPON
ADD TO TECHNORATI FAVORITES ADD TO SQUIDOO ADD TO WINDOWS LIVE ADD TO YAHOO MYWEB ADD TO ASK ADD TO GOOGLE  

Related Websites
Las Vegas Real Estate
Featuring Las Vegas homes, condos and real estate in Henderson, Summerlin and Lake Las Vegas by REMAX.
Luxury Singapore Homes
The most luxurious homes in the prime districts of Singapore.
Investors, retirees, first home buyers, single
Now is the time to consider an investment in real estate in Hilton Head Island. The housing market is deflated some 30% and fresh money will generate great returns on investments. My MBA is now coming in to be a valuable asset to my clients.
Find property in Marbella, Spain
Sundream Estate offers a wide selection of villas, townhouses and apartments in Marbella, Spain.
 

 

Return to India

NRI INSURANCE

NRI SERVICES

 

Indian Cities Guide

DELHI   NOIDA   GHAZIABAD
         
GURGAON   MUMBAI   AHMEDABAD
         
KOLKATA   CHENNAI   HYDERABAD
         
BANGALORE   PUNE   CHANDIGARH
         
..More cities »
NRI Communities in Different Countries  
Indian Embassies & Consulates in Different Countries
 
NRI Newsletters  
NRI Feeds - Syndications