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In Spite of Emaar MGF Scam
It was in the year 2005 that a joint venture happened between Dubai real estate developer "Emaar Properties" and Indian company "MGF". Emaar maintained its reputation of being one of the biggest real estate investment companies by making the largest FDI of around US$ 4 billion in India. The company along with its Indian partner "MGF" has developed various residential, commercial and retail properties across major states of India including Delhi, Haryana, Tamil Nadu,[url=http://www.floware.fr]sac michael kors[/url], Andhra Pradesh and Karnataka. The company is growing very quickly in India and in such a short span of time it has managed to become one of the biggest real estate developers in India.
But recently a road block occurred for this real estate giant in the state of Andhra Pradesh. The Boulder Hills residential township built by the company in Hyderabad is being criticized for wrongfully selling off the plots. As a result of this property dispute, assets of the company are being reviewed and a detailed investigation into this matter is going on.
In spite of all the allegations made against them, Emaar MGF continues to expand their operations in India. After making their mark in residential and commercial sectors, they are now planning to enter hospitality sector in India. For this, the company has planned to build two 7 star hotels in New Delhi and Kolkata.