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Emaar Group to foray in Gujarat

Saturday, 20 May 2006
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The Dubai-based Emaar Group is planning to foray into the realty market of Gujarat.

Emaar MGF Land Pvt Ltd --  a joint venture between Emaar Properties PJSC Dubai and MGF Development of India -- is planning to invest over Rs.1,000 crore in townships, hotels, malls, and IT parks in the state.

The company has also plans to come with a township in Ahmedabad with four or five star business class hotel which will be spread over 400-500 acres. The township will also include educational institutes.

Emaar MGF will also set up a shopping mall in Ahmedabad, spread on an area of half a million square feet, and an IT park in Gandhinagar for which land acquisition is in progress.

Emaar is also scouting for land in Vadodara, Surat and Rajkot for proposed development of townships, hotels and malls.

For more stories relating to Emaar, click here.

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