Dubai, June 28, 2008: EmaarMGF Land Ltd., a joint venture between Emaar Properties PJSC and MGF Developments, begins a three-day showcase in Dubai from June 30 to display lifestyle residences across its integrated master-planned communities in India. Formed in 2005, this partnership brought about unprecedented transformation to the realty sector emanating from the strong synergies of two robust players to bring in technological know-how, international design, project management and construction expertise.
The showcase in Dubai gives the growing number of Indian expatriates in the United Arab Emirates an opportunity to buy best in class residential developments back home where EmaarMGF is redefining contemporary living.
A rapidly growing India is witnessing a remarkable change in the real estate sector as the country becomes a favoured business and investment destination. The Indian real estate space has emerged as the preferred sector for foreign investors in 2007-08, clinching FDI equity inflows of approximately Rs 8,749 crores. Additionally, for the estimated 14 lakh Indians in the UAE, the prospects of significant returns, tax-structuring benefits and the chance to own a piece of new India is a compelling opportunity. In this backdrop, EmaarMGF, one of the leading real estate developers in India, will be showcasing a significant cache of its projects as part of Indiascapes. Some of which include Boulder Hills-Hyderabad, Commonwealth Games Village-New Delhi, Garden Terraces-Gurgaon, The Terraces-Mohali, The Palm Drive-Gurgaon, The Views-Mohali, Esplanade-Chennai, The Palm Springs-Gurgaon and The Villas-Mohali.
Elaborating on Indiascapes, Mr Bill Rattazzi, CEO of EmaarMGF, said, “Historically, India and the UAE are closely bound in terms of business and investment, talent flow and strong cultural ties. EmaarMGF’s Indiascapes is a natural progression in that direction to strengthen the existing bond by facilitating investments in property back in India.”
“We remain committed towards making a difference to the Indian lifestyle with our master-planned integrated townships. Significantly, Emaar Properties’ competencies in developing iconic structures globally, is now visible in the Indian real estate landscape through EmaarMGF’s projects. This provides UAE customers an opportunity to own developments that are benchmarked against the best in the world,” Mr Rattazzi added.
EmaarMGF’s focus is on developing integrated master planned communities in the mid to luxury segment in which the company designs and builds independent villas, townhouses and apartments. The integrated master planned communities have one or more community facilities, including hospitals, schools, retail and commercial buildings, enabling a “live, work and play” theme within the same development.
Project profile:
EmaarMGF’s signature project in Hyderabad, Boulder Hills Golf and Country Club, is replete with an 18-hole championship golf course, luxury residences, large format retail facility, luxury and boutique hotels and an IT Park. It is South India’s first integrated leisure and residential community spread across 531 acres situated along the city’s IT and financial corridor of Gachibowli.
Mohali Hills, a 3000 acre master planned integrated community includes “The Villas” – Luxury Villas, “The Views” – High Rise apartments and “the terraces”- independent low rise luxury homes.
Palm Springs, a high-end residential project in Gurgaon is designed to provide luxury integrated community living, set in dramatic and spectacular surroundings. The Palm Springs includes a harmonious blend of lifestyle options from low rise luxury villas to spacious apartment towers situated amidst elegantly landscaped gardens and parks.
Esplanade in Chennai is one of the largest housing developments within the jurisdiction of Chennai Metropolitan Development Authority. Strategically located it is conveniently in the vicinity of educational institutions, hospitals, theatres, shopping malls and commercial hub, well connected by public transport. Esplanade is a planned, integrated community of 536 upscale, well – appointed apartments of International standards of craftsmanship and Premium amenities and finish.
The Palm Drive in Gurgaon, consists of “Villas”, “Sky Terraces” and “Premium Terraces”. This is designed for contemporary living in a green sanctuary setting. The latest offering at The Palm Drive is “Garden Terraces” – The low rise luxury residences. “Garden Terraces promises to offer a lifestyle currently limited to only the finest addresses of South and Central Delhi, one that is defined by greenery, wide-open spaces and an uplifting sense of safety and security
The Commonwealth Games Village is a landmark integrated residential project in New Delhi with over 70% of open and green landscaped area. To be ready by 2010, the Games Village will be a certified green development comprising 1,168 apartments consisting of two, three, four and five bedrooms. The contemporary apartments have been meticulously planned and designed by international architects and designers.
