Tag: emaar india

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Lucknow RWA Protests Emaar India’s Clubhouse Sale

LUCKNOW: Residents of Emaar Gomti Green protested against what they claim to be the unlawful sale of their clubhouse by Emaar India. The residents argue that the clubhouse, initially built for their convenience and community activities, was sold to an external party without consent. Now operating as a commercial venue, the clubhouse has raised significant security concerns. Additionally, late-night events are reported to disturb children’s education and the overall tranquility of the community. Holding banners and placards, residents staged a symbolic protest at the clubhouse and outside Emaar India’s offices. They further expressed their frustrations about ongoing issues with electricity,…

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Emaar India to invest ₹1,600 crore in Gurugram luxury homes

NEW DELHI: Realty firm Emaar India is set to invest approximately Rs 1,600 crore to develop a luxury housing project in Gurugram to meet robust consumer demand. The Indian subsidiary of UAE-based Emaar Properties recently unveiled the ‘Serenity Hills’ residential project in Sector 86, Gurugram. Emaar India CEO Kalyan Chakrabarti stated, “We are launching the initial phase of our new housing development in Gurugram, featuring 997 apartments across seven towers.” This project is designed as a green initiative, aiming for IGBC Platinum pre-certification, and is being built in collaboration with the landowner. In response to inquiries about project costs, Chakrabarti…

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Emaar Properties to Keep Stake, Considering JV with Major Firms

NEW DELHI: Dubai’s Emaar Properties has confirmed it will not sell stakes in its Indian subsidiary but is exploring potential joint ventures with major Indian business groups, including the Adani Group. In a regulatory update to the Dubai Financial Market on September 18, Emaar stated it “is no longer considering the sale of any stake in its Indian entity.” Instead, the company is looking into partnerships with large firms or groups in India, specifically mentioning the Adani Group. Emaar Properties first entered the Indian real estate market in 2005 by partnering with MGF Development, committing around Rs 8,500 crore through…

Latest StoriesRegulatory

CCI Dismisses Emaar India’s Marbella Villa Complaint

Certainly! Here’s a rewritten version of the content you provided: — NEW DELHI: The Competition Commission of India (CCI) has dismissed a complaint against Emaar India Ltd concerning alleged anti-competitive practices related to its “Marbella” villa project in Gurugram. The CCI stated, “No prima facie case of violation of Sections 3 and 4 of the Act has been established against the opposing parties in this matter.” Sections 3 and 4 pertain to agreements that restrict competition and abuse of a dominant position, respectively. The complaint originated from claims made by an informant who alleged that Emaar India Ltd, its subsidiary…