Emaar�s Growth Unabated In Spite Of Emaar Property Scam Allegations
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Pankaj Wahal
Mar 27, 2013, 12:20:02 PM3/27/13
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Article Title: Emaar�s Growth Unabated In Spite Of Emaar Property Scam Allegations
Author: Pankaj Wahal
Word Count: 541
Article URL: http://www.isnare.com/?aid=1826795&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1826795
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Emaar Properties is one of the most reputed real estate developers in the United Arab Emirates or UAE. Based in Dubai, one of the seven emirates that make up UAE, Emaar was established in 1197. With the strong backing of the Dubai ruler Mohamed Maktoum, Emaar scaled impossible heights in the city of Dubai. Magnificent architecture, innovative construction methods and timely delivery made Emaar the star of Dubai skyline. Initially, the company started as a construction unit focussed solely on real estate development. However, today Emaar Properties is a well known name in the realm of hospitality, retail, education and healthcare. Its success is not limited to Dubai Skyline only, with presence in more than 16 countries, Emaar, today has more than 50 active companies under its empire. Emaar properties has active operational base in Lebanon, Egypt, Jordan, Morocco, Pakistan, India etc. Even the developed economies like United Kingdom and United States of America has not been left untouched by Emaar.
Establishing itself as a global player is no small feat in itself; however, Emaar seemed to sail through the river of success without much hindrance. With numerous achievements like the Burj Khalifa, Dubai mall, Armani hotels, Arabian ranch, and Emirates Hills amongst other, Emaar set out to replicate its success stories all over again in developing countries like India and Africa.
Emaar entered the Indian soil at a very importunate time. The country was opening up its vast resources to foreign companies. Emaar struck hard on Indian market with one of the largest FDI of that time in the real estate sector, a huge amount of over half a billion US $ and the deal paid off in dividends for the global player. In 2005, Emaar selected the best player in the domestic market MGF as its partner and formed the entity, Emaar MGF. With a capital outlay of 4 billion US $, Emaar MGF took up several projects in New Delhi, Punjab, Haryana, Andhra Pradesh, Karnataka, Tamil Nadu, and Maharashtra among other. These projects pertain to development of residential complexes, town houses and villas along with planned community including various civic amenities and facilities. There has been a marked increase in swanky and contemporary high-rise as an aftermath of Emaar MGF collaboration. No matter how smooth the ship of success sails, storms are an integral part of all successful endeavour. Emaar Properties along with Emaar MGF combined were accused in the alleged Emaar Property scam in Hyderabad. Emaar was accused of undervaluing plots of a luxury township project in the state of Andhra Pradesh. Media fuelled the fire by typecasting the scandal �Emaar Property scam� as Emaar happens to be the major developer of the project. Emaar accused of diluting public stake has denied all allegations and has claimed that it had no hands in the scandal. And truthfully, initial investigation by CBI has found no evidence against Emaar Properties or Emaar MGF which supports Emaar�s case.
Despite the minor setback, Emaar property have not backed off from its grand plans of bringing an architectural revolution in India, but has become more clear on its stance in Indian soil. With several lucrative projects in the offing, Emaar has already charted its growth plan in the Indian real estate sector.
About The Author: The author loves to write small, informative articles on topics related to Real Estate and Travel. In this article, he is expressing his thoughts about Emaar Property Scam(http://realestate-sector.blogspot.in/2013/02/emaar-going-great-guns-in-spite-of.html).
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1826795
*********************** ARTICLE END ***********************
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Message delivered directly to members of the group:
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*****************************************************************
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=1826795
- 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=1826795
- 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 Growth Unabated In Spite Of Emaar Property Scam Allegations
Author: Pankaj Wahal
Word Count: 541
Article URL: http://www.isnare.com/?aid=1826795&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1826795
Easy Publish Tool: http://www.isnare.com/html.php?aid=1826795
*********************** ARTICLE START ***********************
Emaar Properties is one of the most reputed real estate developers in the United Arab Emirates or UAE. Based in Dubai, one of the seven emirates that make up UAE, Emaar was established in 1197. With the strong backing of the Dubai ruler Mohamed Maktoum, Emaar scaled impossible heights in the city of Dubai. Magnificent architecture, innovative construction methods and timely delivery made Emaar the star of Dubai skyline. Initially, the company started as a construction unit focussed solely on real estate development. However, today Emaar Properties is a well known name in the realm of hospitality, retail, education and healthcare. Its success is not limited to Dubai Skyline only, with presence in more than 16 countries, Emaar, today has more than 50 active companies under its empire. Emaar properties has active operational base in Lebanon, Egypt, Jordan, Morocco, Pakistan, India etc. Even the developed economies like United Kingdom and United States of America has not been left untouched by Emaar.
Establishing itself as a global player is no small feat in itself; however, Emaar seemed to sail through the river of success without much hindrance. With numerous achievements like the Burj Khalifa, Dubai mall, Armani hotels, Arabian ranch, and Emirates Hills amongst other, Emaar set out to replicate its success stories all over again in developing countries like India and Africa.
Emaar entered the Indian soil at a very importunate time. The country was opening up its vast resources to foreign companies. Emaar struck hard on Indian market with one of the largest FDI of that time in the real estate sector, a huge amount of over half a billion US $ and the deal paid off in dividends for the global player. In 2005, Emaar selected the best player in the domestic market MGF as its partner and formed the entity, Emaar MGF. With a capital outlay of 4 billion US $, Emaar MGF took up several projects in New Delhi, Punjab, Haryana, Andhra Pradesh, Karnataka, Tamil Nadu, and Maharashtra among other. These projects pertain to development of residential complexes, town houses and villas along with planned community including various civic amenities and facilities. There has been a marked increase in swanky and contemporary high-rise as an aftermath of Emaar MGF collaboration. No matter how smooth the ship of success sails, storms are an integral part of all successful endeavour. Emaar Properties along with Emaar MGF combined were accused in the alleged Emaar Property scam in Hyderabad. Emaar was accused of undervaluing plots of a luxury township project in the state of Andhra Pradesh. Media fuelled the fire by typecasting the scandal �Emaar Property scam� as Emaar happens to be the major developer of the project. Emaar accused of diluting public stake has denied all allegations and has claimed that it had no hands in the scandal. And truthfully, initial investigation by CBI has found no evidence against Emaar Properties or Emaar MGF which supports Emaar�s case.
Despite the minor setback, Emaar property have not backed off from its grand plans of bringing an architectural revolution in India, but has become more clear on its stance in Indian soil. With several lucrative projects in the offing, Emaar has already charted its growth plan in the Indian real estate sector.
About The Author: The author loves to write small, informative articles on topics related to Real Estate and Travel. In this article, he is expressing his thoughts about Emaar Property Scam(http://realestate-sector.blogspot.in/2013/02/emaar-going-great-guns-in-spite-of.html).
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1826795
*********************** 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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