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Emaar India appoints Prashant Gupta as CEO

Press Trust of India  |  New Delhi 

Emaar India, part of Dubai-based realty Emaar Properties, has appointed as to strengthen its and is also streamlining processes to make the organisation more efficient.

This is the second appointment by in the last 3 months.

In April, appointed as of to drive growth following the demerger of its joint venture with a local partner.

According to sources, Prashant, who was working with group since 2011, has been appointed as of

He held various positions in group, including that of President and of ABOF.com.

When contacted, confirmed the appointment of Prashant.

"Emaar India is working to strengthen its business operations to achieve its full potential in India and aspires to build a business that is really admired by all stakeholders in the

"The company has been streamlining processes and adapting its organisation to become more productive and efficient. The company has recently appointed as CEO," Emaar India said.

In 2005, entered Indian in partnership with India's group and invested Rs 8,500 crore through joint venture Land.

However, in April 2016, it decided to end this and two months later Shravan Gupta, the then executive vice chairman & of the JV, resigned from the post.

In January this year, the (NCLT) approved the proposed demerger scheme of Emaar Land, paving the way for two partners - and MGF Development - to go separate ways.

Emaar India has completed about 5,000 units over the last 18 months and plans to give possession of the remaining about 10,000 units within next one and half years.

It has raised debt to speed up construction of its various housing projects in Gurgaon, Jaipur, Lucknow, and It also has a of about 5,000 acres for future development.

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

First Published: Wed, June 20 2018. 13:50 IST
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