Emaar MGF

Emaar MGF
Private
Industry Real estate
Founded February 2005
Founder
Website www.emaarmgf.com

Emaar MGF is a real-estate developer based in India and has projects across the country covering residential, commercial, and hospitality. It is the joint venture of Emaar Properties PJSC led by Mohamed Alabbar with Shravan Gupta's [1] MGF (Motor & General Finance) Developments Limited of India.[2]

Since its inception in 2005, Emaar MGF [3] has invested in real estate development with a pan-India presence and operations spanning all key segments of the Indian real estate industry, including residential, commercial, retail and hospitality sectors.

Emaar MGF operations cover various aspects of real estate development, such as land identification and acquisition, project planning, designing, marketing and execution.[4] At present, its focus is on the development of residential projects in Delhi NCR (particularly Gurgaon), Mohali, Chennai, Hyderabad and other key Indian State Capitals/Cities. The company has a large land bank/reserves with planned development spread over several million sq ft.[5]

Hyderabad International Convention Center

Opened in December 2005, the Hyderabad International Convention Centre (HICC) is a convention facility.[6] It was built by Cyberabad Convention Center Private Limited (CCCPL), a joint venture between the Dubai-based Emaar Properties and the (APIIC). Stretching across 15 acres (61,000 m2), the HICC is an integrated 291,000 sq ft (27,000 m2). facility managed by Accor. Located next to the HICC is the Novotel Hyderabad hotel, which opened in May 2006. The 287-room business hotel has also been developed by Emaar, and is managed by Accor. HICC offers 4,000 seating capacity with an in-built flexibility to expand to 6,500 seats. The HICC, built at a cost of US$39 million and the Novotel Hyderabad at a cost of US$27 million together constitute a total project investment of US$66 million. HICC is located adjacent to HITEC City, home to large national and international technology companies.

Commonwealth Games Village 2010

Among the initial projects to be completed and handed over, the Commonwealth Games Village is probably Delhi’s only purpose built, self-contained premium residential community. Located right next to the Akshardham Temple and just minutes away from the central business district – Connaught Place – it was developed by Emaar MGF – for the Commonwealth Games 2010 – under a project development agreement with the DDA.[7]

Awards

Emaar MGF [8] receives green building honour for Commonwealth Games Village.[9][10]

The Commonwealth Games Village, a residential project developed by Emaar MGF, has been conferred with the EPC World Award for 'Outstanding Contribution in Green Building Project- Real Estate Category'.[11]

The project received the award during the 5th EPC World Awards 2014, which was held at The Ashok, New Delhi.[12]

Sanjay Malhotra, Chief Financial Officer, Emaar MGF [13] Land Ltd. accepted the award on company's behalf from Dr. Mahesh Sharma, Minister of State of Culture and Tourism and Civil Aviation (Independent Charge) and Vishnu Deo Sai, Minister of State for Steel and Mining.

Emaar Scams

The total Emaar scam was worth Rs 215 crore, including APIIC's Rs 43 crore loss and the more than Rs 167 crore gained by the accused.[14][15]


References

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