Emaar

Luxury meets nature: Emaar's Gurugram project offers homes from ₹3-5.7 cr

Emaar India unveils its latest premium high-rise residential landmark in Gurugram that boasts of 8 acres of central Greens with 20+ Acres of open landscaped area

Emaar Properties rules out stake sale in india, eyes JV with Adani, others

Dubai-based Emaar Properties has asserted that it will not sell stakes in its Indian entity but the company is considering forming joint venture with big business houses in India including Adani Group. In a regulatory filing on September 18 at Dubai Financial Market, Emaar Properties said the company "is no longer considering sale of any stake in its Indian entity." "Alternatively, the company is considering joint venture with other large companies /groups in India, including Adani Group," it added. Dubai-based Emaar Properties entered the Indian real estate market in 2005 in partnership with India's MGF Development and had invested around Rs 8,500 crore through the joint venture firm Emaar MGF Land. In April 2016, Emaar Properties decided to end the joint venture through a demerger process. Emaar India has a large portfolio of residential and commercial spaces across Delhi-NCR, Mumbai, Mohali, Lucknow, Indore and Jaipur. Adani Group is active in the Indian real estate market thr

CCI dismisses complaint against Emaar India over Marbella villa project

Fair trade regulator CCI has dismissed a complaint alleging abuse of dominance and anti-competitive practices by Emaar India Ltd and others in connection with its "Marbella" villa project in Gurugram. "The Commission finds that no prima facie case of contravention of the provisions of Sections 3 and 4 of the Act is made out against the opposite parties in the instant matter," according to an order passed by the Competition Commission of India (CCI). Section 3 and 4 pertain to anti-competitive agreements and abuse of dominant position, respectively. The case was based on a complaint filed by an informant who alleged that Emaar India Ltd, its group firm Emaar India Community Management, and several government departments including the Department of Town and Country Planning, Haryana, and the Union of India through DPIIT have violated the Sections 3 and 4 of the Competition Act. The complainant alleged that Emaar misused its dominant position by permitting construction of builder floo

Adani, Emaar said to be discussing deal structure for $1.4 bn India unit

Adani family and Emaar are discussing the structure of a transaction, which could include an unlisted Adani unit infusing about $400 million in equity

Dubai's Emaar confirms stake sale talks with Adani Group for Indian ops

Dubai's Emaar confirms it's in talks with Adani Group to sell a stake in its Indian subsidiary. The deal, valued at Rs 40-50 billion, is still being finalised

Dubai's Emaar in talks with Adani, others to sell stake in Indian business

The statement followed media reports on Wednesday stating that Adani Realty was in advanced talks to acquire a majority stake in Emaar India

Emaar India to invest Rs 2,000 crore in Mumbai region in 6-7 years

UAE-based realty developer Emaar is planning to invest up to Rs 2,000 crore in Mumbai and its surrounding areas in the next six-seven years, a top official said on Monday. The group, known for projects like Burj Khalifa, has stayed away from the Mumbai Metropolitan Region (MMR) despite being present in India for nearly two decades. Emaar India's Chief Executive Kalyan Chakrabarti said there is no specific reason to stay away from Mumbai for so long. He added that the group is attracted to the megapolis because it considers it as the deepest and strongest realty market which will be vibrant for decades to come. The company is aware about the market realities in the space-crunched city, and is open for looking at both societies and slum redevelopments along with any fresh development proposals, he said. The company plans to invest USD 1.85 billion (around Rs 15,500 crore) in realty developments across the country in the same time period, he said, adding that capital is not a constrai

Real estate fraud case: Emaar officials appear before Delhi Police's EOW

Senior officials of realty company Emaar India Limited appeared before the Delhi Police's Economic Offence Wing (EOW) on Friday in an alleged real estate fraud case following summons, sources said. "Officials representing Emaar met with EOW officials and shared the information sought. They assured extending all help with the investigation," a source in the EOW said. The EOW had issued notices for the personal appearances of Dubai-based Emaar Properties managing director Mohamed Ali Alabbar. His representatives appeared on his behalf which the EOW found satisfactory, the sources said. Emaar India Limited is the Indian subsidiary of Emaar Properties of Dubai. On May 26, the EOW had issued summons to Alabbar and senior officials of Emaar India Limited for their personal appearance on June 2 at 2:30 pm in the alleged fraud case in its housing project Palm Garden in Gurugram. The EoW initiated investigation into the case after a homebuyer Manish Kumar Patni lodged a complaint on Januar

Dubious distinction: AEL first to cancel share sale after full subscription

As per data provided by Prime Database, these 29 companies were targeting to raise a cumulative of Rs 11,000 crore

Emaar Group CEO detained at Delhi airport, released after questioning

Emaar Group CEO Amit Jain, who was detained by immigration authorities at Delhi's Indira Gandhi International (IGI) Airport and handed over to Punjab Police, was later released after brief questioning

TAS, Emaar top recruiters in Cluster 2 of IIM Ahmedabad placements

IIM Ahmedabad follows a cluster system of final placements process where sectors are invited in cohorts at regular intervals

Dubai's Emaar group to develop 500,000 sq ft shopping mall in Srinagar

Dubai-based realty firm Emaar Properties on Monday said it will develop a 5 lakh square feet shopping mall at Srinagar in Jammu & Kashmir. A memorandum of understanding (MoU) has been signed between the governments of Dubai and Jammu & Kashmir to facilitate investments into this proposed project, Emaar said in a statement. This will be the first significant FDI investment in the union territory, it added. According to the MoU, Emaar will develop 'Emaar Mall' of 5,00,000 square feet in size in Srinagar. "The UAE and India are comprehensive strategic partners and this project by EMAAR will be a landmark of Jammu and Kashmir. I would like to congratulate EMAAR and all the partners in this project , and am sure we will see many such projects coming up in the near future," said H. E. Ahmed Abdul Rahman Albanna, the UAE Ambassador to India. "The UAE and India economic partnership is at an inflection point and we will invite other UAE investors to look at this opportunity too," he ...

Emaar Malls offers $800 mn for Souq.com

Souq.com has received the offer amid rumors of a possible acquisition by Amazon