India Inc India Inc: Thursday, 12 October 2017 10:31

Emaar to launch 6 projects in Gurugram


Realty firm Emaar India will launch six projects, in Gurugram this fiscal with an estimated investment of Rs 1,200 crore (around $185 million).

Emaar India, part of Dubai-based Emaar Properties, has been focusing on execution of ongoing projects after it decided in April last year to end joint venture with MGF.

Sanjay Malhotra, Emaar India CEO, told Indian media: "We are seeing lot of traction for ready-to-move-in units and those nearing completion. So, we have decided to launch six projects in next six months comprising 1,600 units."

The company will launch five housing projects and one commercial project in Gurugram.

Malhotra said the company has got occupancy certificates for 2,600 units in last 15 months and has applied for another 3,000 units.

It is targeting to deliver 11,000 units by 2018-19 fiscal and has ramped up workforce at sites to around 16,000 labourers to complete existing projects.

He added that the company is launching a sales centre in Gurugram to showcase latest offerings to the customers and also extend various services.

India Investment Journal’ has in-depth coverage on related topics.

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