CWG Village
The joint venture real estate company of Dubai’s Emaar Properties and India’s own MGF Group is seriously considering the idea of what it calls an “iconic” building in India. The venture has since its launch in the country in 2005, remained focused on high-end residential and commercial properties (in the ratio of 9:1). The development activities of [...] Continue Reading »
87 residential apartments in Commonwealth Games Village were sold at a total price of Rs 400 crore. At present DDA have 110 flats in CWG village. The highest bid was Rs 7.27 crore for an apartment. It is considered as the most expensive apartment in the eastern part of the city. The highest bid came [...] Continue Reading »
Emaar-MGF is looking at fast completion of its existing projects in India in the current financial year rather than launching new projects. The main focus of the company is on business consolidation as several of its projects are running behind the schedule and the developer is reeling from a heavy debt burden. Though some new [...] Continue Reading »
The Delhi Development Authority (DDA) has planned to auction 110 flats at the CWG Village and they reserve the prices for those flats between Rs. 2.5 and Rs. 5.8 crore. The Commonwealth Games Village has 34 residential towers with 1,168 flats. The authority has more than 700 apartments in CWG under their share. The DDA [...] Continue Reading »
As Emaar – MGF Land limited failed to clear the pending dues as per the assessment order given to them, it will be another waiting for the apartment owners of CWG Village. The total pending dues is Rs. 314 crores including the interest and penalty of the previous dues. However according to an official of [...] Continue Reading »
