>M4yancarnival: corrected grammer

2021-05-23T11:42:44Z

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{{Primary sources|date=September 2020}}
{{Infobox company
| name = Emaar India
| logo =
| type = [[Privately held company|Private]]
| traded_as =
| industry = [[Real estate]]
| foundation = February 2005
| location =
| hq_location_city = [[Delhi]]
| hq_location_country = [[India]]
| key_people = Hadi Badri, CEO
| products =
| revenue =
| net_income =
| assets =
| owner =
| num_employees =
| parent = [[Emaar Properties]]
| homepage = {{URL|www.emaar-india.com/}}
}}
'''Emaar India''' is a [[real estate]] developer principally engaged in [[Promotion (marketing)|promotion]], [[construction]], [[Real estate development|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 [[Gurgaon|Gurugram]], [[National Capital Region (India)|Delhi/NCR]], [[Mohali]], [[Lucknow]], [[Chennai]] and other Indian cities.<ref>{{Cite web|url=http://emaar-india.com/emaar-story|title=Emaar Story |publisher= Emaar India|access-date=2017-10-05}}</ref> The company's registered name is '''Emaar MGF Land Limited.'''<ref>{{Cite web|url=http://emaar-india.com/|title=Real Estate Company - Buy Residential & Commercial Properties in India {{!}} Emaar India|website=emaar-india.com|language=en|access-date=2018-01-30}}</ref>

Emaar India started its operations in 2005 and has been known for bringing in the largest [[foreign direct investment]] in the construction-development sector of India.<ref>{{Cite news|url=http://economictimes.indiatimes.com/industry/indl-goods/svs/construction/emaar-india-raises-rs-2500-crore-to-fast-track-projects/articleshow/57863159.cms|title=Emaar India raises Rs 2,500 crore to fast track projects|last=Babar|first=Kailash|date=2017-03-28|work=The Economic Times|access-date=2017-10-05}}</ref> The Company is promoted by Emaar Properties PJSC, Dubai (“Emaar”).<ref>{{Cite web|url=https://www.emaar.com|title=Emaar Properties PJSC {{!}} Global Property Developer|website=www.emaar.com|language=en|access-date=2017-10-05}}</ref> 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|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.<ref>{{Cite web|url=http://emaar-india.com/emaar-story|title=Emaar Story {{!}} Emaar India|website=emaar-india.com|language=en|access-date=2017-10-05}}</ref> It has developed master-planned communities internationally, and is present in several key global markets like the [[Middle East]], [[Africa]], [[Asia]], [[Europe]], [[United States|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.<ref>{{Cite news|url=http://www.livemint.com/Companies/jUYjuWJD7MeF25F4BxcZVK/Dubais-Emaar-ends-11year-old-JV-with-MGF-Developments.html|title=Dubai’s Emaar ends 11-year old JV with MGF Developments|last=Nandy|first=Madhurima|date=2016-04-13|work=Livemint|access-date=2017-03-02}}</ref> Following this, Emaar MGF Land Ltd filed the demerger scheme in Delhi High Court on May 16, 2016.<ref>{{Cite news|url=http://timesofindia.indiatimes.com/city/delhi/Emaar-MGF-files-demerger-scheme-in-Delhi-High-Court/articleshow/52312901.cms|title=Emaar MGF files demerger scheme in Delhi High Court – Times of India|work=The Times of India|access-date=2017-03-02}}</ref>

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.<ref>{{Cite web|url=http://realty.economictimes.indiatimes.com/news/industry/emaar-india-ropes-in-snapdeals-jason-kothari-as-independent-director/60176583|title=Emaar India appoints Jason Kothari & Sudip Mullick as independent directors|last=ET Realty|website=www.etrealty.com}}</ref>

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.<ref>{{Cite news|url=http://www.indiainfoline.com/article/news-top-story/emaar-mgf-offers-new-timeline-for-project-completion-116061600319_1.html|title=Emaar MGF offers new timeline for project completion|last=indiainfoline.com|access-date=2017-03-02}}</ref>

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.<ref name=":3">{{Cite news|url=http://economictimes.indiatimes.com/industry/services/property-/-cstruction/emaar-revamps-project-teamto-fast-track-over-50-projects/articleshow/56174437.cms|title=Emaar revamps project teamto fast track over 50 projects – The Economic Times|work=The Economic Times|access-date=2017-03-02}}</ref> The developer increased its workforce to 10,000 labourers at the time of initiating the demerger process.<ref name=":3" /> By September 2017, the labour headcount was more than 15,000 labourers.<ref name=":4">{{Cite news|url=http://www.business-standard.com/article/companies/emaar-india-to-deliver-11-000-flats-by-2018-in-haryana-117090200330_1.html|title=Emaar India to deliver 11,000 flats by 2018 in Haryana|last=ANI|date=2017-09-02|work=Business Standard India|access-date=2017-09-14}}</ref>

==Projects==
===Hyderabad International Convention Center===
Opened in December 2005, the [[Hyderabad International Convention Centre]] is a convention facility in [[Hyderabad]].<ref>{{cite web|url=http://www.hicc.com/aboutus.html|title=Hyderabad International Convention Centre|accessdate=2013-12-13|archive-url=https://web.archive.org/web/20131124063204/http://www.hicc.com/aboutus.html|archive-date=2013-11-24|url-status=dead}}</ref> It was built by Cyberabad Convention Center Private Limited (CCCPL), a joint venture between the [[Dubai]]-based [[Emaar Properties]] and the (APIIC). Stretching across {{convert|15|acre|m2}}, the HICC is an integrated {{convert|291000|sqft|m2|-2|abbr=on}}. facility managed by [[Accor]]. Located next to the HICC is the [[Novotel]] Hyderabad hotel, which opened in May 2006. The 287-room business hotel has also been developed by Emaar, and is managed by Accor. HICC offers 4,000 seating capacity with an in-built flexibility to expand to 6,500 seats. The HICC, built at a cost of US$39 million and the Novotel [[Hyderabad]] at a cost of US$27 million together constitute a total project investment of US$66 million. HICC is located adjacent to [[HITEC City]], home to large national and international technology companies.

===Commonwealth Games Village 2010===
Among the initial projects to be completed and handed over, the Commonwealth Games Village is a purpose built, self-contained premium residential community developed by Emaar India. Located next to the [[Akshardham (Delhi)|Akshardham Temple]] and close to [[Connaught Place, New Delhi|Connaught Place]], it was developed for the [[2010 Commonwealth Games]] under a project development agreement with the [[Delhi Development Authority]].<ref>{{cite web|url=http://www.emaarmgf.com/cgv/index.asp|title=EmaarMGF CWG Projects|access-date=2017-10-06|archive-url=https://web.archive.org/web/20150213195340/http://www.emaarmgf.com/cgv/index.asp|archive-date=2015-02-13|url-status=dead}}</ref>

==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’.<ref>{{Cite news|url=http://www.business-standard.com/article/news-ani/emaar-india-wins-developer-and-employer-of-the-year-awards-117112900760_1.html|title=Emaar India wins Developer and Employer of the Year awards|last=ANI|date=2017-11-29|work=Business Standard India|access-date=2018-03-21}}</ref>

*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'.<ref>{{Cite news|url=https://content.magicbricks.com/property-news/industry-buzz/emaar-india-named-developer-of-the-year/95276.html|title=Emaar India named ‘Developer of the Year’|access-date=2018-03-21}}</ref>

=== 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.<ref>{{Cite news|url=http://content.magicbricks.decom/industry-news/industry-buzz/delhi-ncr-industry-buzz/emaar-india-bags-industry-honour-at-dna-real-estate-awards-2016/88984.html|title=Emaar India bags industry honour at DNA Real Estate Awards 2016|access-date=2017-03-02}}</ref>
*Emaar India has won 2 awards at the 8th Realty Plus Conclave and Excellence Awards 2016 - 'Luxury Project of the Year - The [http://www.group3realtors.com/project/emaar-palm-drive-gurgaon Palm Drive]’ and ‘Commercial Property of the Year - The Palm Springs Plaza’.<ref>{{Cite web|url=http://rp-awards.com/|title=Award Winners {{!}} 2016 {{!}} North 2016|website=rp-awards.com|language=en-US|access-date=2018-03-22}}</ref>
*Emaar India has won The Palm Drive, Gurugram wins ‘Residential Project of the Year’ at DNA Real Estate Awards 2016.

==References==
{{reflist}}

[[Category:Real estate companies established in 2005]]
[[Category:Real estate companies of India]]
[[Category:Indian subsidiaries of foreign companies]]

Emaar India - Revision history

>M4yancarnival: corrected grammer