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Emaar India Limited is a real estate developer principally engaged in
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,
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,
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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
Gurugram Gurgaon (), officially named Gurugram (), is a satellite city of Delhi and administrative headquarters of Gurgaon district, located in the northern Indian state of Haryana. It is situated near the Delhi–Haryana border, about southwest o ...
, Delhi/NCR,
Mohali Mohali, officially Sahibzada Ajit Singh Nagar or Ajitgarh, is a planned city in the Mohali district in Punjab, India, Punjab, India, which is an administrative and a commercial hub lying south-west of Chandigarh. It is the headquarters of the M ...
,
Lucknow Lucknow () is the List of state and union territory capitals in India, capital and the largest city of the List of state and union territory capitals in India, Indian state of Uttar Pradesh and it is the administrative headquarters of the epon ...
,
Indore Indore (; ISO 15919, ISO: , ) is the largest and most populous Cities in India, city in the Indian state of Madhya Pradesh. The commercial capital of the state, it has been declared as the List of cleanest cities in India, cleanest city of In ...
and other Indian cities. Emaar started its operations in 2005. The company is promoted by Emaar Properties PJSC, Dubai (“Emaar”). Being a
subsidiary A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...
of Emaar, the company is also controlled and managed by Emaar in India.


History

On April 11, 2016, Emaar Properties terminated its joint venture with MGF Developments. Following this, Emaar MGF Land Ltd filed the demerger scheme in Delhi High Court on May 16, 2016. In August 2017, Emaar India stated that it has appointed of
Snapdeal Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal. Snapdeal is one of the top 5 online marketplaces in India. Snapdeal targets the value e-commerce segment, w ...
’s Chief Strategy & Investment Officer
Jason Kothari Jason Kothari is an entrepreneur and business leader, known as a turnaround expert. He is the former CEO of Housing.com and FreeCharge. Previously, Kothari was the Chief Strategy and Investment Officer at Snapdeal. He started his career as the co ...
and Sudip Mullick of the law firm Khaitan & Co to the board of directors. 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 The High Court of Delhi ( Hindustani: दिल्ली उच्च न्यायालय; ''dillī uchcha nyāyālaya'') is the high court in Delhi, India. It was established on 31 October 1966, through the ''Delhi High Court Act, 1966. ...
. It also shared target completion schedules for all projects with achievement of specific milestones and uploaded the same on its website to reassure customers that ongoing projects would be completed. 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. The developer increased its workforce to 10,000 labourers at the time of initiating the demerger process. By September 2017, the labourers headcount was more than 15,000.


Projects

* Emaar Palm Gardens * Emaar Palm Hills * Emaar Palm Heights * Emaar Palm Square * Emaar Digi Homes * Emaar Business District 65 * Emaar Business District 114 * Emaar Business District 89 * Emaar Colonnade * Emaar Emerald Plaza * Emaar Continental City * Mohali Hills * Central Plaza * The Views * Emaar Emerald Hills * Emaar Elite Oasis


Controversy

In response to a directive from a Gurugram court, authorities filed an FIR against UAE-based realtor company Emaar Properties PJSC, its Indian subsidiary Emaar India, and 13 others. The allegations included cheating MGF, their former business partner, through the undervaluation of land and other offenses. Emaar India refuted any criminal association, describing the accusations as an attempt by MGF to harass Emaar and its employees. The FIR, initiated on November 20,2023, following an order by Chief Judicial Magistrate Ramesh Chander, names Emaar Properties PJSC, Emaar India Ltd, director Bharat Bhushan Garg, and others. According to the complaint filed by Saurabh Singh on behalf of MGF Development Limited, the accused undervalued land in Gurugram sectors, allegedly with the assistance of Jones Lang Laselle (JLL), an independent valuer. The complaint asserts that forged valuation reports were created to cause wrongful loss to MGF. Additionally, Emaar is accused of exploiting warranty indemnity and litigation indemnity agreements for personal gain, leading to losses for MGF.


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’. *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'.


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. *Emaar India has won 2 awards at the 8th Realty Plus Conclave and Excellence Awards 2016 - 'Luxury Project of the Year - The Commercial Property of the Year - The Palm Springs Plaza'. *Emaar India has won The Palm Drive, Gurugram wins ‘Residential Project of the Year’ at DNA Real Estate Awards 2016.


References

{{reflist Real estate companies established in 2005 Real estate companies of India Indian subsidiaries of foreign companies