Emaar MGF
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| Private | |
| Industry | Real estate |
| Founded | February 2005 |
| Headquarters | Delhi, India |
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Key people
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Sanjay Malhotra, CEO |
| Website | www |
Emaar MGF is a real estate developer based in India and has projects across the country covering residential, commercial, and hospitality. It is the joint venture of Emaar Properties PJSC led by Mohamed Alabbar with Shravan Gupta's MGF (Motor & General Finance) Developments Limited of India.
Sanjay Malhotra is the current CEO of the company. The company is currently undergoing a restructuring exercise, with the resignation of Shravan Gupta from the post of Executive Vice Chairman & Managing Director. Emaar has taken control of all the on-going projects of the company to ensure their completion at the earliest.
Since its inception in 2005, Emaar MGF has invested in real estate development with a pan-India presence and operations spanning all key segments of the Indian real estate industry, including residential, commercial, retail and hospitality sectors.
Emaar MGF operations cover various aspects of real estate development, such as land identification and acquisition, project planning, designing, marketing and execution. At present, its focus is on the development and completion of all its ongoing projects in Delhi NCR (particularly Gurgaon), Mohali, Chennai, Hyderabad and other key Indian State Capitals/Cities. The company has a large land bank/reserves with planned development spread over several million sq ft.
Opened in December 2005, the Hyderabad International Convention Centre (HICC) is a convention facility. It was built by Cyberabad Convention Center Private Limited (CCCPL), a joint venture between the Dubai-based Emaar Properties and the (APIIC). Stretching across 15 acres (61,000 m2), the HICC is an integrated 291,000 sq ft (27,000 m2). 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.
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