Emaar MGF's 'The Avenue' residential project in Chennai receives completion certificate for 7 of the 232 units. This 14-acre project includes a clubhouse and amenities.
Demand for homes in smaller Indian cities attracts big real estate developers, with 354 million sq ft of residential development expected in 3 years.
DDA directs demolition of 17 illegal flats in Games Village; Completion certificate in progress for Emaar MGF project.
Realtors shift focus to luxury housing due to increasing demand, with major developers planning high-value projects across Indian cities.
Delhi's Commonwealth Games Village, a partnership between Emaar MGF and DDA, features 34 towers with 1168 flats, eco-friendly features, and state-of-the-art amenities. Post-games plans are uncertain amidst environmental concerns regarding its impact on the Yamuna River.
Several major Indian real estate developers, including Emaar MGF and Godrej Properties, plan IPOs in the current year, signaling a potential recovery for the industry.
Indian real estate companies resist government pressure to lower prices, citing high taxes and low demand. Developers believe reducing interest rates is key to reviving the market.
India's IT hubs face oversupply of office space, leading to potential high vacancy rates and financing difficulties for builders.
Kolkata's real estate market witnesses a decline in developer interest as a prime 10-acre plot tender gets scrapped due to only one bidder.
The Royal Calcutta Turf Club is revitalizing its operations through a joint venture with Emaar MGF, which plans to develop a 300-room hotel on its grounds.
A slowdown in real estate is observed, with residential transactions down 20-25%, while Mumbai experiences high demand despite challenges from rising interest rates and inflation.
Emaar MGF Land Ltd launches Boulder Hills Golf & Country Club, a Rs 5,610-crore integrated leisure and residential community in Hyderabad, featuring residential, commercial, retail, IT parks, and hotels.
Emaar MGF in talks with Goldman Sachs, Deutsche Bank for $800M investment in 3 SPVs
Emaar MGF is negotiating $800 million investments from Goldman Sachs, Deutsche Bank, and another investor in three SPVs, enhancing their development projects amid market challenges.
Emaar MGF and Marriott International Inc. partner for four hotels in India, totaling 912 rooms and a $400 million investment, slated for completion by 2010.