Emaar MGF plans $1.4 bn township
Emaar MGF plans to invest $1.4 billion (Rs 5,610 crore) in a leisure and residential township in Hyderabad.
By TNN |
HYDERABAD: Emaar MGF plans to invest $1.4 billion (Rs 5,610 crore) in a leisure and residential township in Hyderabad. The project is a part of the Emaar MGF���s proposed $3 billion investment lined up to create 31 million square feet in ten locations in south India.
The Hyderabad leisure and residential township will have a golf course, luxury residences, large format retail facility, luxury and boutique hotels and an IT park. The project will be constructed by Multiplex Construction India, a joint venture company between Emaar MGF and Multiplex.
The project, which will be developed in partnership with Andhra Pradesh Industrial and Infrastructure Corporation (APIIC), is located in 531 acres near Hyderabad���s IT and financial corridor district near Gachibowli.
Harradine Golf, a north India-based golf course development company, will develop a golf course in 192 acres in the project. Emaar MGF is a JV between the Dubai-based real estate company Emaar Properties and MGF, another real estate company based out of India.
The Hyderabad leisure and residential township will have a golf course, luxury residences, large format retail facility, luxury and boutique hotels and an IT park. The project will be constructed by Multiplex Construction India, a joint venture company between Emaar MGF and Multiplex.
The project, which will be developed in partnership with Andhra Pradesh Industrial and Infrastructure Corporation (APIIC), is located in 531 acres near Hyderabad���s IT and financial corridor district near Gachibowli.
Harradine Golf, a north India-based golf course development company, will develop a golf course in 192 acres in the project. Emaar MGF is a JV between the Dubai-based real estate company Emaar Properties and MGF, another real estate company based out of India.
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