 |
-
News by Month
-
News by Category
Emaar MGF Plans India’s Largest Mall
Emaar MGF, India’s leading real estate developer, is to strengthen its presence with the construction of India’s largest shopping mall. The project will be announced in the next six months.
On completion, it would be looked upon as the world’s largest mall to be spread over a large area of 5.8 million sq ft being constructed by the company’s partner in Dubai. With this project, Emaar MGF will come ahead of DLF which is to come up with DLF’s Mall of India along NH-8 in Gurgaon to be spread over 3.6 million sq ft.
The mall will be constructed on the same base lines as the Dubai Mall which features 3.77 million sq ft. retail space and the largest walk through aquarium in the world. The mall in India is under planning and the announcement is to be made in the next couple of months.
Following in footsteps of its Dubai partner Emaar, the company is also considering similar real estate projects like the tallest tower in the world, called the Burj Dubai. The first of all would be a residential cum leisure complex at Hyderabad which will have the largest golf course in India.
Expanding horizons in Indian hospitality sector, Emaar-MGF will be bringing the first Giorgio Armani luxury hotel in India in the next four years.
Real estate projects in India account for around 20-25% to the company’s revenues, a fact alone underlying the importance of the country for Emaar-MGF. The joint venture between Emaar and Turner Corporation, a leading US building services provider, will also foray into Indian real estate, says Amit Jain, chief financial officer, Emaar Properties.
News Published Under: Real Estate Developers | No Comments »