Emaar�s Success Unstoppable Albeit Emaar MGF Scam
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Pankaj Wahal
Mar 21, 2013, 4:30:42 AM3/21/13
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Article Title: Emaar�s Success Unstoppable Albeit Emaar MGF Scam
Author: Pankaj Wahal
Word Count: 510
Article URL: http://www.isnare.com/?aid=1826081&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1826081
Easy Publish Tool: http://www.isnare.com/html.php?aid=1826081
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Emaar Properties was incepted in 1997 with the sole aim of establishing Dubai as a prominent trade centre in the world. The man behind Emaar success stories is none other than Mohamed Alabbar, one of the most powerful and enigmatic Arab in the Middle East. Since the time it started its operation, Dubai has seen a grand real estate bubble and Emaar was successful in capitalizing this era of Dubai�s history to etch its own name in the history of the world. Globally recognised as the builder of the world tallest building, Burj Khalifa, Emaar�s success story is much taller than that of the structure it built. Emaar today has emerged as the leader of innovative and integrated living concepts not only confined to the boundaries of United Arab Emirate or UAE but the throughout the entire Persian gulf. With such phenomenal success in the gulf, Emaar now looked over the horizon to countries like Lebanon, Syria, Morocco, Egypt, Jordan, Africa, USA, United Kingdom and Asian countries mainly Pakistan and India to replicate its success stories.
Today, Emaar has a strong hold in the Indian real estate with major developmental projects all across the country. It started its Indian operation with a joint venture in 2005 with one of the country�s leading real estate company MGF Development Limited. At that time, the FDI that Emaar brought into the real estate industry was a whooping 4 billion US $ and one of the largest in that sector. With its grand entry, Emaar MGF entity started consolidating its empire by building several residential complexes, villas and townships in various Indian cities like New Delhi, Haryana, Andhra Pradesh, Tamil Nadu etc. These development projects received phenomenal response in the Indian market and the name Emaar MGF became synonymous with luxury lifestyle and concepts. However, in 2011, Emaar Properties and Emaar MGF combined were accused of diluting public stake in a residential township project in Hyderabad. The Hyderabad land scam or Emaar MGF scam came under the spotlight as various celebrity and politician were roped in for investigation by CBI, the investigating state agency. Emaar MGF has extended all possible co-operations to the state agency to clear its name from the fiasco. The media also hyped up the Hyderabad land scam by christening it as Emaar MGF scam, and the real estate giant had to suffer much embarrassment for no fault of its own. And today, with no proof against its involvement in the Hyderabad land scam, Emaar sails through this tough waters with its reputation intact and continues its grand plans of changing the Indian skyline.
Leaving the allegations far behind, Emaar has unfolded its grand vision for the Indian real estate market. Besides residential complexes, it has started building numerous commercial complexes, business hubs, and technology parks. It is now looking to establish its name as a forerunner in the hospitality and retail sector with various lucrative projects in the pipeline. Rumours, allegations and false implication aside, Emaar continues to do what it does best, constructions, constructions and more constructions!
About The Author: I am a freelance writer and enjoy writing small, informative articles on topics related to Real Estate, Travel, IT products for SME and sometimes about my experience with Hotels as well.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1826081
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Pankaj Wahal
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1826081
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1826081
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Emaar�s Success Unstoppable Albeit Emaar MGF Scam
Author: Pankaj Wahal
Word Count: 510
Article URL: http://www.isnare.com/?aid=1826081&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1826081
Easy Publish Tool: http://www.isnare.com/html.php?aid=1826081
*********************** ARTICLE START ***********************
Emaar Properties was incepted in 1997 with the sole aim of establishing Dubai as a prominent trade centre in the world. The man behind Emaar success stories is none other than Mohamed Alabbar, one of the most powerful and enigmatic Arab in the Middle East. Since the time it started its operation, Dubai has seen a grand real estate bubble and Emaar was successful in capitalizing this era of Dubai�s history to etch its own name in the history of the world. Globally recognised as the builder of the world tallest building, Burj Khalifa, Emaar�s success story is much taller than that of the structure it built. Emaar today has emerged as the leader of innovative and integrated living concepts not only confined to the boundaries of United Arab Emirate or UAE but the throughout the entire Persian gulf. With such phenomenal success in the gulf, Emaar now looked over the horizon to countries like Lebanon, Syria, Morocco, Egypt, Jordan, Africa, USA, United Kingdom and Asian countries mainly Pakistan and India to replicate its success stories.
Today, Emaar has a strong hold in the Indian real estate with major developmental projects all across the country. It started its Indian operation with a joint venture in 2005 with one of the country�s leading real estate company MGF Development Limited. At that time, the FDI that Emaar brought into the real estate industry was a whooping 4 billion US $ and one of the largest in that sector. With its grand entry, Emaar MGF entity started consolidating its empire by building several residential complexes, villas and townships in various Indian cities like New Delhi, Haryana, Andhra Pradesh, Tamil Nadu etc. These development projects received phenomenal response in the Indian market and the name Emaar MGF became synonymous with luxury lifestyle and concepts. However, in 2011, Emaar Properties and Emaar MGF combined were accused of diluting public stake in a residential township project in Hyderabad. The Hyderabad land scam or Emaar MGF scam came under the spotlight as various celebrity and politician were roped in for investigation by CBI, the investigating state agency. Emaar MGF has extended all possible co-operations to the state agency to clear its name from the fiasco. The media also hyped up the Hyderabad land scam by christening it as Emaar MGF scam, and the real estate giant had to suffer much embarrassment for no fault of its own. And today, with no proof against its involvement in the Hyderabad land scam, Emaar sails through this tough waters with its reputation intact and continues its grand plans of changing the Indian skyline.
Leaving the allegations far behind, Emaar has unfolded its grand vision for the Indian real estate market. Besides residential complexes, it has started building numerous commercial complexes, business hubs, and technology parks. It is now looking to establish its name as a forerunner in the hospitality and retail sector with various lucrative projects in the pipeline. Rumours, allegations and false implication aside, Emaar continues to do what it does best, constructions, constructions and more constructions!
About The Author: I am a freelance writer and enjoy writing small, informative articles on topics related to Real Estate, Travel, IT products for SME and sometimes about my experience with Hotels as well.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1826081
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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