Emaar India plans to invest a minimum of $1.85 billion over the next two years, as the company is set to increase its focus across the country. The firm intends to release around 10 million sq. ft. of real estate over this period, to enhance its presence in cities including Mumbai, Pune, Bengaluru, and Hyderabad.
As the local arm of Dubai’s Emaar Properties, it is keen to replicate projects completed in the last 21 years over the next 21 months. So far, it has launched 24,500 units in a mix of apartments, floors, plots, or office spaces. However, the company plans to invest $100 million in a project.
It is spread over 9.53 acres with a total development area of 1.2 million sq. ft., and Emaar expects a revenue of approx. Rs 2,000 crore.
The developer recently launched 424 units on the Golf Course extension in Gurugram. EY is the process assurance provider for the project.
Emaar India carries the global legacy of the real estate Group with a portfolio of well-designed residential and commercial spaces across the country.
