Emaar India
Emaar India is a real estate developer principally engaged in promotion, construction, development and sale of integrated townships, residential and commercial multi storied buildings, houses, flats, shopping malls, hotels, and other developments. The company develops residential and commercial projects in different parts of India, including Gurugram, Delhi/NCR, Mohali, Lucknow, Indore and other Indian cities.[1] The company's registered name is Emaar India Limited.[2]
Type | Private |
---|---|
Industry | Real estate |
Founded | February 2005 |
Headquarters | , |
Key people | Hadi Badri, CEO |
Parent | Emaar Properties |
Website | www |
Emaar started its operations in 2005 and has been known for bringing in the largest foreign direct investment in the construction-development sector of India.[3] The Company is promoted by Emaar Properties PJSC, Dubai (“Emaar”).[4] Being a subsidiary of Emaar, the company is also controlled and managed by Emaar in India.
Emaar is a public company established in 1997 under the laws of Dubai, UAE and is listed on the Dubai Financial Market. Its market capitalization is over US$14 billion and assets are valued at over US$26 billion.[5] It has developed master-planned communities internationally, and is present in several key global markets like the Middle East, Africa, Asia, Europe, USA and Canada.
Emaar's flagship development Downtown Dubai hosts properties like the Burj Khalifa, The Dubai Mall and The Dubai Fountain. It has also developed residential projects like Arabian Ranches, Emirates Living, and Dubai Marina.
History
On April 11, 2016, Emaar Properties terminated its joint venture with MGF Developments.[6] Following this, Emaar MGF Land Ltd filed the demerger scheme in Delhi High Court on May 16, 2016.[7]
In August 2017, Emaar India stated that it has appointed of Snapdeal’s Chief Strategy & Investment Officer Jason Kothari and Sudip Mullick of the law firm Khaitan & Co to the board of directors.[8]
Emaar India communicated to its customers about initiating the process of demerger of the Company pursuant to a Scheme of Arrangement under Section 391-394 of the Companies Act, 1956 and filing such Scheme with Delhi High Court. To assure its customers about completion of ongoing projects, it also shared the target Completion schedules for all projects with achievement of specific milestones and uploaded the same on its website.[9]
Emaar revamped its project management team to speed up execution and delivery of over 50 projects that were stuck due to the impending demerger between the two parent companies. The developer hired over 100 additional employees in the Project Management space.[10] The developer increased its workforce to 10,000 labourers at the time of initiating the demerger process.[10] By September 2017, the labour headcount was more than 15,000 labourers.[11]
Projects
Emaar Digi Homes
Located in Sector 62, Golf Course Extension Road, Emaar DigiHomes is a premium 5.64 acre residential development,with 3 majestic skyscrapers offering large 2 & 3 bed residences with spacious balconies – each opening to stunning views of the cityscape, amenities, or the Aravalli Hills. With abundant open spaces dedicated to lush greens, a plethora of amenities and a plush clubhouse, these residences are a mere 12-minute drive from Golf Course Road, offering a significantly rich luxe quotient to one's lifestyle, without significantly moving one away from the nerve center of Gurugram. Truly, an unmissable opportunity to invest into the future, with a slew of infrastructure projects in the pipeline, and key social and commercial establishments within minutes from your doorstep.
Emaar Palm Heights
Presenting one of Gurugram’s best acknowledged emergent strategic address - Emaar Palm Heights, Sector 77. A series of glorious 24-storey skyscrapers nestled in a 30-acre development. Not surprisingly, the development today is home to over 600 happy families. Picture future-ready social infrastructure and excellent connectivity. Embrace a magical blend of spacious residences offering unparalleled Aravalli Hills or cityscape views, tranquillity and a world of fine amenities.
Large 3 bed homes with spacious living/ dining, lounge areas and decks offer splendid views. Outside, a 10,000 sq. ft. clubhouse spoils you for choice. An ecosystem replete with entertainment, sports and rejuvenation experiences.
Emaar Business District 65
With this unique and vibrant shop-cum-office (SCO) concept, EBD65 offers abundant and ideal investment opportunities to establish shops, offices and restaurants. Own a shop at an exciting location, meet in pleasant surroundings with a like-minded community and enjoy a new way of life.
Emaar Business District 114
With this unique and vibrant shop-cum-office (SCO) concept, EBD114 offers abundant and ideal investment opportunities for the establishment of shops, office space and restaurants. Businesses can enjoy the freedom of flexibility that allows the owner to establish anything from fine dining restaurants to a cultural venue or shopping facilities. The 86 plots can go up to five levels (G+4 up to 15 metres) with ample parking facilities. Because, luxury in today’s time is the luxury of choice.
Emaar Business District 89
Strategically located in the planned Sector 89, this development boasts veritable 360-degree arterial connectivity to all parts of Gurugram, Delhi NCR, Faridabad and Manesar whilst also providing quick access to the finest social infrastructure including world-class hospitals, education institutes, transit (Airport, proposed ISBT, Metro) and leisure spaces. With an already strong residential catchment around the development of nearly 20,000 families# , EBD 89 makes for a perfect investment opportunity.
Emaar Colonnade
Emaar Colonnade – A thoughtfully planned and meticulously executed business hub with modern commercial spaces. An unmissable opportunity for aspiring businesses and the latest addition to our prestigious lineup of landmark commercial projects.
Emaar Colonnade is strategically located right on Golf Course Extension Road at Sector 66 Gurugram, just a few minutes’ drive from IGI Airport and next to the proposed Metro Station, offering unmatched connectivity and close proximity to important business hubs.
Emaar Emerald Plaza
Emerald Plaza brings you new age office spaces along with premium retail destinations. Fully air-conditioned workspaces that are designed in tune with modern aesthetics, while the retail destination sets for a myriad of experiences right from health and fitness to leisure. This mixed-use development is internally connected to Emerald Hills, the high-end residential complex in Gurugram. Emerald Plaza is a mixed-use building suitable for offices and retail both. A few minutes walk from Emerald Hills, an upscale residential community; it has a ready captive audience right at the doorstep.
Emaar Palm Square
An integrated corporate office-retail complex set across 3.5 acres, The Palm Square is strategically located as a gateway to The Palm Drive. It offers modern office spaces and a 2-level retail arcade. The Palm Square is just 20 minutes from Indira Gandhi International Airport, Delhi, and walking distance from the proposed Metro line. It is a perfect blend of business and pleasure, standing tall at the Golf Course Extension Road, Gurgaon - well connected to Indira Gandhi International Airport (T3) and prime areas of National Capital Region (NCR).
Emaar Continental City
Everything that’s commonplace stops at the boundary walls of Emaar Continental City. Here we elevate bespoke living to the next level. Here you will escape the city without leaving the city. The magnificent environs of Emaar Continental City are divided into International Villa Plots, Pristine Villa Plots and Club Continental. Located 300 meters off the Super Corridor Extension Road*, Emaar Continental City promises an enviable location to own a slice of living amidst lush landscaping and everything a lifestyle at par with global benchmarks would need.
Mohali Hills
With Chandigarh nearing saturation in respect of space and supply, resultant property price hike, and the demand-supply gap, Mohali is surfacing as the next big bet in real estate. A growing number of investors are bullish on Mohali. The realty image of Chandigarh’s satellite town is experiencing a dramatic change. Most localities in Mohali are showing an upward price trend.
Central Plaza
Central Plaza Mohali - The High Growth Business Center. A significant transformation in the coming years for Mohali (also known as SAS Nagar) is witnessing an infrastructure, retail and real estate boom rapidly. A splendid opportunity to ride the wave of change and turn the business tide in your favour with the IT hub of Tricity. Presenting a smart and judicious mix of retail and office spaces, at par with global standards, designed for business growth.
The Views
Comprisingf 2, 3 and 4 BHK apartments and penthouses, The Views contain modern apartments at Mohali Hills. A plush lifestyle filled with comfort, convenience and security, makes for a remarkable life. Uniquely built around elegantly landscaped gardens, parklands and communal courtyards, The Views provides an exceptional environment for modern-day living. Being a part of the integrated master-planned township, one can enjoy recreational sports facilities, clubhouse, jogging track and open spaces for a healthier lifestyle.
Emaar Emerald Hills
Emerald Hills is an impressive, sprawling plotted residential neighbourhood with a myriad privately accessed premium residential offerings, enfolding you in peaceful surroundings and the silence of nature, bringing together a superior community that appreciates the true Emaar Lifestyle, just like you. In an area where there are very limited options of plots by reputed developers, Emerald Hills stands testimony to how a beautiful vision has translated into a reality - from one of the world's most respected and acknowledged developers
Awards
2017
- Emaar India has won 4 awards at the DNA Real Estate & Infrastructure Awards 2017, in Mumbai - 'Developer of the Year - Residential', 'Employer of the Year Real Estate', 'Residential Property of the Year' for its Emerald Hills project, and 'CSR Initiative of the Year by a Real Estate Firm' for its creche program ‘Guardians of Hope’.[12]
- Emaar India has won 2 awards at the 9th Realty Plus Conclave and Excellence Awards 2017 - 'Developer of the Year' in the Residential category, and 'Green Project of the Year for Digital Greens'.[13]
2016
- Emaar India has won the ‘Residential Project of the Year’ award for The Palm Drive (Gurgaon) at the DNA Real Estate & Infrastructure Awards 2016.[14]
- Emaar India has won 2 awards at the 8th Realty Plus Conclave and Excellence Awards 2016 - 'Luxury Project of the Year - The Palm Drive’ and ‘Commercial Property of the Year - The Palm Springs Plaza’.[15]
- Emaar India has won The Palm Drive, Gurugram wins ‘Residential Project of the Year’ at DNA Real Estate Awards 2016.
References
- "Emaar Story". Emaar India. Retrieved 2017-10-05.
- "Real Estate Company - Buy Residential & Commercial Properties in India | Emaar India". emaar-india.com. Retrieved 2018-01-30.
- Babar, Kailash (2017-03-28). "Emaar India raises Rs 2,500 crore to fast track projects". The Economic Times. Retrieved 2017-10-05.
- "Emaar Properties PJSC | Global Property Developer". www.emaar.com. Retrieved 2017-10-05.
- "Emaar Story | Emaar India". emaar-india.com. Retrieved 2017-10-05.
- Nandy, Madhurima (2016-04-13). "Dubai's Emaar ends 11-year old JV with MGF Developments". Livemint. Retrieved 2017-03-02.
- "Emaar MGF files demerger scheme in Delhi High Court – Times of India". The Times of India. Retrieved 2017-03-02.
- ET Realty. "Emaar India appoints Jason Kothari & Sudip Mullick as independent directors". www.etrealty.com.
- indiainfoline.com. "Emaar MGF offers new timeline for project completion". Retrieved 2017-03-02.
- "Emaar revamps project teamto fast track over 50 projects – The Economic Times". The Economic Times. Retrieved 2017-03-02.
- ANI (2017-09-02). "Emaar India to deliver 11,000 flats by 2018 in Haryana". Business Standard India. Retrieved 2017-09-14.
- ANI (2017-11-29). "Emaar India wins Developer and Employer of the Year awards". Business Standard India. Retrieved 2018-03-21.
- "Emaar India named 'Developer of the Year'". Retrieved 2018-03-21.
- "Emaar India bags industry honour at DNA Real Estate Awards 2016". Retrieved 2017-03-02.
- "Award Winners | 2016 | North 2016". rp-awards.com. Retrieved 2018-03-22.