In a bold move, Emaar India, the local arm of Dubai's Emaar Properties, is gearing up for a groundbreaking investment of at least $1.85 billion over the next two years. This strategic move aims to release around 10 million square feet of prime real estate, expanding the company's footprint in key markets like Mumbai, Pune, Bengaluru, and Hyderabad.

Emaar India's Vision:

Mohamed Alabbar, the visionary founder of Emaar Properties, expressed the company's ambitious goal to replicate its achievements of the last 21 years in just 21 months. With a track record of launching 24,500 units, including apartments, floors, plots, and offices, the company is poised to set new benchmarks in the Indian real estate landscape.

Focus on India:

In a recent interview with ET, Mohamed Alabbar emphasized Emaar Properties' increased focus on the Indian market. The company's commitment goes beyond monetary investments, aiming to contribute significantly to India's real estate growth story.

Major Investment Plans:

While the disclosed investment stands at $1.85 billion, Emaar Properties plans to raise the stakes with a whopping $100 million earmarked for a single project. This substantial investment reflects the company's confidence in the potential of the Indian real estate market.

Recent Project Success:

Emaar India's recent launch of 424 units on the Golf Course extension has garnered overwhelming response, with over 4,000 applications received. The project, spread over 9.53 acres with a development area of 1.2 million sq ft, is expected to generate approximately ₹2,000 crore in revenue, showcasing the market's enthusiasm for Emaar's offerings.

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