EmaarMGF brings Indiascapes to Dubai 3-day event for UAE customers gives them an opportunity to own a piece of a new India
Released on: June 30, 2008, 2:54 am
Press Release Author: varma
Industry: Real Estate
Press Release Summary: 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.
Press Release Body: 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...........
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