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MGF poised for the next phase of growth


MGF Developments, one of India's leading companies, has drawn up ambitious plans to launch commercial and residential projects in NCR.

These will be the company's first steps post their demerger from the joint venture The Company is in the process of getting all required statutory approvals for the said projects.

is promoted by Shravan Gupta, a well-known and highly respected name in the sector. The of Emaar-MGF, Mr Gupta was instrumental in bringing the largest FDI in in through the joint venture with Emaar.

For inorganic and organic growth opportunities in the partners mutually decided to demerge in 2016. Gupta has spent long hours in the two years since the demerger on creating a synergy between his vision for MGF Developments, and the evolving Indian Expanding on his future-forward vision for MGF Developments, Gupta says, "I have no doubt that we will continue developing and creating structures that constantly and consistently breaks ground. Constant reinvention is key, and I believe we have what it takes to reach newer heights of greatness."

He adds, "In real estate, one needs to redefine oneself constantly. There's a massive evolution in what the consumer wants now from a piece of real estate he or she owns. As developers, we have to be tuned to customer needs."

"We identify and acquire key land locations and through use of international best practices offer premium across various categories using of our dedicated and experienced professional workforce. We further endeavour to use the latest technological advances and techniques for continuous growth of the organisation, its performance and excellence in service quality to create value for our customers''.

MGF development is a debt-free company, with a of over 3000 acres of with prime land spreading across Delhi, Gurugram, Mohali, Chail, Dehradun, Lucknow, Amritsar, and As a pioneering name in the retail development market, MGF planned, executed and launched 7 major across NCR and

MGF is one of India's leading with about 5 million square feet of Shopping malls developed by MGF include The Metropolitan, The Metropolis and in Gurugram; and Mall in Delhi; and Mall in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 12 2019. 12:26 IST