Emaar MGF
A five-bedroom flat in the Commonwealth Games Village was sold at Rs. 7.3 crore to the Delhi State Cooperative Bank. The Delhi Development Authority opened bids for the 110 flats in the CWG village. Public sector units and banks made the winning bids for as many as 87 apartments. The State Bank of India led [...] 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 »
Emaar-MGF builder will not resume the construction work of the Boulder Hill project. The project is still under the legal procedure with Andhra Pradesh Industrial Infrastructure Corporation ( APIIC). The builder announced it against a case filed by customers of the Gachibowli project under Boulder Hill. In reply the Emaar-MGF group officials says that there [...] Continue Reading »
Emaar MGF has formed a four member executive committee for taking all major decisions. The only nominee of the Indian partner is MGF CEO Mehar Karan Singh. According to the Emaar MGF spokesperson this formation will not effect the present management control of the venture. The joint venture of Emaar and MGF have invested for [...] 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 »
Finally, flat owners who had booked their flats in Commonwealth Games Village can breath a sigh of relief. Delhi Urban Arts Commission (DUAC) has recently agreed to hand over the completion certificates after long objections. Emaar MGF had the largest share in the area with 400 flats out of 1168. Delhi Development Authority (DDA) will [...] Continue Reading »
New Delhi-based realty major Emaar MGF to sell its under-construction 550-flat residential complex Emaar MGF Palm Drive, one of the popular residential developments in Gurgaon neighborhood of Delhi-NCR, for Rs 1200 crore. Emaar MGF is learnt to be in an advanced stage of selling its apartment in a bulk deal for Rs 1200 crore to [...] Continue Reading »
