UAE-based Emaar to invest $150 mn in India

Emaar is now considering to pick three separate special purpose vehicles (SPVs) which will then develop two retail properties and one office property in Gurgaon and Mohali.     

"Emaar is evaluating the options of private equity investment in special purpose vehicles in India. Due diligence on potential investments are on and details have not yet been finalised," an Emaar spokesperson said.