Emaar MGF enters Chennai residential mart
Emaar MGF, a joint venture of Emaar Properties of Dubai and MGF Development in Delhi, has entered the Chennai residential market by launching a 536-apartment project ‘Chennai Esplanade’ in north Chennai.
By TNN |
CHENNAI: Emaar MGF, a joint venture of Emaar Properties of Dubai and MGF Development in Delhi, has entered the Chennai residential market by launching a 536-apartment project ‘Chennai Esplanade’ in north Chennai.
It is the company’s first project in south India. So far, it has launched three projects in India - one in Punjab and two in Gurgaon.
“Chennai Esplanade is a reflection of our commitment to bring to the city heartland a residential development that integrates modern design, amenities and facilities with the old world charm of traditional community culture,” said Emaar MGF, residential/townships, CEO William R Rattazi on Monday.
Each residential apartment will be around 1,500 sq ft. Emaar has launched the project at an initial offer price of Rs 3,500 per sq ft.
It is the company’s first project in south India. So far, it has launched three projects in India - one in Punjab and two in Gurgaon.
“Chennai Esplanade is a reflection of our commitment to bring to the city heartland a residential development that integrates modern design, amenities and facilities with the old world charm of traditional community culture,” said Emaar MGF, residential/townships, CEO William R Rattazi on Monday.
Each residential apartment will be around 1,500 sq ft. Emaar has launched the project at an initial offer price of Rs 3,500 per sq ft.
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