Emaar Properties Optimistic About Investing in Indian Realty Sector Through Joint Ventures

Hopeful about the Indian real estate market, Dubai-based Emaar Properties recently said it will continue to invest in India’s real estate space by developing its land bank and acquiring projects through joint ventures. The company, which aims to be a major player in India, plans to venture into two major property markets — Mumbai and Pune. Emaar Properties is also in talks with potential joint venture partners. Pursuing aggressive growth plans as it is close to completing all existing projects, Emaar is in the process of monetising non-core assets, including a hotel property in Jaipur.

“India is one of three important markets for us along with UAE and Egypt. We are here in India to stay and we will focus on growing the India business,” Emaar Properties CEO (International) Hadi Badri told PTI in an interview. Emaar Properties is fully committed to the Indian market which has huge investment and growth potential, he said, but did not divulge any investment figures. “Next 20-30 years can be very attractive for India,” Badri said, adding that Emaar would play an important part in this growth process. Committed to be one of the big players in the Indian real estate, Emaar Properties have a huge land bank which will be developed.

Highlighting that the company has sold over 90 per cent of its projects and handed over 80 per cent of units to customers, Badri said the remaining would be delivered over the next few months. Emaar has worked hard to complete all pending projects post-demerger with its Indian joint venture partner, he said. In 2005, Emaar Properties entered Indian real estate market in partnership with MGF group and invested Rs 8,500 crore through joint venture Emaar MGF Land Ltd. However, in April 2016, it decided to end this joint venture. The demerger process is complete.

While ruling out any plans to have a joint venture at the entity level, the company said there could be partnerships at the project level. The company has lined up many project launches for next year. It would continue to focus on mid-income and luxury segment and not enter affordable housing or slum redevelopment projects. Emaar India may form joint venture with investment firms to develop commercial projects on its land bank. Further, the company is looking for projects in Mumbai and Pune through joint venture as well as joint development routes. It would explore acquiring stressed projects provided those fit in with the company’s overall growth strategy.

Emaar is listed in Dubai but made it clear there are no plans to list Indian business on the stock exchanges. Indian real estate market is evolving and becoming transparent with new regulations like RERA (Real Estate Development and Regulation Act) which could lead to consolidation in the market and provide growth opportunities. Since setting up its business in 2005, Emaar India has developed 30 million sq. ft of projects, including 25 million sq. ft of residential projects. The latter comprises 20,000 dwelling units and 1,000 acres of plotted development, mainly in Delhi-NCR (National Capital Region), Mohali, Jaipur and Indore. Post-demerger, Emaar India has about 4,500 acres of land bank across the country, including the national capital. Emaar properties has several luxury residential properties in Gurgaon.

Setting a new benchmark in luxury living, Emaar India has launched its smart homes project called Emaar Digi Homes at Golf Course Extension Road, Sector 62, Gurugram. Spread over 5.64 acres and with 80% open spaces and landscaped open spaces and landscaped greens, the Emaar Digi Homes project comprises of homes that are voice and touch automated. The homes are equipped with home assistants that can close the curtains, set the lights as per your moods, control room temperatures or just play the music you like, all at a voice command. One of the biggest USP of Emaar Digi Homes is its voice & touch-enabled Home Automation System. Home automation system gives a centralization control to the various household activities and home appliances. In simple words, through a home automation system you can easily control the utilities and feature of your home with an app in your Smartphone to make life more convenient and safer and even spend less on utility bills.

Smart Features of Emaar Digihomes Gurgaon Home Automation System:

• Voice & touch-enabled automation through Smartphone
• Biometric entrance authorization on the main gate of every home
• Video door phone for the extra security
• Smart mood lighting, AC ON/OFF, Curtains, TV, Geyser and other appliances
• WI-FI Router with a panic button in Master Bedroom
• Voice Command controlling device in the living room
• Smoke & Gas Leak Sensors in Kitchen automatically warns you with an instant text message
• Smart Glass in Kitchen
• Voice-activated morning brewed breakfast, news channel, and traffic updates

Comprising of 2 & 3 BHK Apartments, it presents indoor space that optimizes the use of the available area, at the same time creating an ambience of a modern home without disturbing the luxury feeling. Every unit at here offers well-lit and open indoors, making sure that every corner of the home it looks pleasant.

Highlights of Emaar Digihomes Gurgaon

• Swimming Pool, Gym, Clubhouse, indoor & outdoor sports area, Jogging Track and Yoga Terrace
• The abundance of greenery with guided pedestrian walk zones
• Well trained security and high-tech security system
• Adequate parking space for the residents & visitors
• Temperature Controlled Infinity Edge Pool, Kids Splash Pool, Provision for Juice Bar, Rooftop Restaurant
• Party Terrace (Open & Semi Open), Banquet Hall with Pre-Function Area, Card Room, Lounge
• Spa & Salon, AV Room (Mini Theatre), Culture Court, Co-Working Office Spaces

Strategically located at the centre of Golf Course Extension Road Emaar Digihomes enjoys close proximity to great social infrastructure of educational Institutions, working spaces, entertainment services and medical facilities

• ​20 mins from MG Road & Malls
• ​45 mins from International Airport (T3)
• ​15 mins to Sector 57 Rapid Metro
• ​20 mins to HUDA Metro Station
• Cyber hub & Galleria are only 25 minutes away
• Hospital, retail stores, malls, local market in the vicinity
• Upcoming Metro Corridor boost the connectivity & property value

Emaar Gurgaon Greens in Sector 102, Gurgaon on Dwarka Expressway is set amidst wide area of land of rolling green landscape. The architectural splendour of the building is not just aesthetic but also functional. The entire project area is close to 13 acres, with 60% open spaces. The site has all luxury amenities from clubhouse to pool, including a wide stretch of plantation near the entrance. Designed to facilitate optimum sunlight and ventilation in all rooms, the apartments have wide balconies with an opening view to beautiful greenery in the premises. Every tower has a grand entrance lobby and there are 2 flats per floor. Two elevators form the lift core. The exterior design of the apartment towers is modern enough to please the residents. There are plenty of options for recreation and leisure in Emaar Gurgaon Greens. The project has 30-metre-wide green belt which offers more than ample space for serene rejuvenation.

Emaar Gurgaon Greens Highlights and Amenities

• Well-equipped Club has facilities like gym, spa, salon, aerobics room and an adjoining outdoor swimming pool.
• For sports, there is a basketball court and a lawn tennis court.
• There are children’s play areas, flower gardens and jogging track.
• Power backup, rain water harvesting and sewage treatment plant.
• Modular kitchen with hob and chimney, refrigerator, washing machine, water purifier & geyser.
• Fully Loaded apartments with luxury specifications air conditioners in all rooms, & led flat panels.
• Laminated wooden marble flooring in bedrooms & verified marble flooring in living, dining & lobby.
• Sports facilities like badminton courts, tennis court, billiard tables, basket Ball & Indoor Games.
• Jogging tracks, yoga & meditation centre, nursery school & kids play area.
• Convenient Shops and Departmental Stores within the complex earthquake resistant construction for safe living.
• Gated community with 24 x 7 manned security & monitored access /exit.
• Ample parking space in multi-level car parking

 Location and Connectivity

Emaar Gurgaon Greens located in Sector 102, Gurgaon enjoys seamless connectivity by Basai Road and further through Dwarka Expressway.  Some of the good schools in this part of Gurgaon such as DAV Public School, DPS and Salwan Public School are located within 3-5 km radius. Sagar Hospital, Tirath Ram hospital and Sanjeevani Hospital are some reputed healthcare facilities located 3-7 km from Emaar Gurgaon Greens. The project is slightly away from popular malls and restaurants – the closest being Gurgaon Dreams Mall about 7 km away. There are several well-known IT companies’ offices in Cyber City, Udyog Vihar, and near Hero Honda Chowk, which can be reached from Emaar Gurgaon Greens.

• HUDA Metro Station is about 14 km from Emaar Gurgaon Greens
• IGI Terminal 3 Airport is a 25 km drive via NH-8.
• KMP expressway which connects NH-I, NH-8 & NH is just -10 minutes
• Proposed interstate bus terminus & proposed metro route from Dwarka- 10 minutes
• Railway station, Palam Vihar and IFFCO Chowk- 10 minutes Cyber City, Udyog Vihar -10 mints.

Emaar Imperial Gardens is a premium residential complex situated in the heart of the buzzing commercial sector 102 in Gurgaon on Dwarka Expressway. Nestled amidst acres of greens, your home at Imperial Gardens is surrounded by theme-based gardens, each with a unique character. The soaring residential towers at Imperial Gardens overlook lush landscaping and well-planned outdoors. Emaar Imperial Gardens Gurgaon offers 3 BHK apartments with modernized features like ac & modular kitchen, total privacy, garden facing, colourful & continuous landscaping, efficient use of space and much more. These amenities are sufficient to fulfill all the basic and premium needs of the residents.

• Clubhouse has facilities like tennis, basketball, cultural court, amphitheatre
• Kids play area, health club, swimming pool, daily need store, nursery school, cafeteria and lounge.
• An integrated fire-fighting system, continuous power and water supply, rainwater harvesting and sewage treatment plant.
• Solar powered lighting & 24/7 power back-up.
• Jogging park, walking spaces, concealing car parks with architecture floral gardens.
• Amphitheatre greens is an open performance space equipped with advanced sound systems.
• Multi-specialty convenience store that stocks beverages, snacks, groceries and regular use goods in a fully air-conditioned convenient environment.
• Multi-level parking space that is craftily hidden from view by gardens.
• Kids playschool and primary school cafeteria catering multiple cuisine options and luxury lounges.

Imperial Gardens is strategically located in Sector 102, Gurugram.

• The project offers excellent connectivity to Gurugram, Delhi and Indira Gandhi International Airport (T3).
• Adjoining 150 meters Expressway and 75 meters wide sector road enable quick access.
• Close to the now operational railway over bridge at Basai.
• Proximity to Gurugram’s Business District, Delhi Public School, healthcare, golf course, sports complex & entertainment.
• Railway station and metro station within 10 minutes’ drive.
• Health centres and shopping malls within 5 minutes’ drive.
• SIC Hospital Gurgaon and Chirag Hospital are among some of the reputed healthcare facilities located within 5-7 km from Emaar Imperial Gardens.
• Some of the best schools in this part of Gurgaon such as Greenwood Public School and Delhi Public School are located within 3-5 km radius.
• IFFCO Chowk Metro Station is just 15.7 km from Emaar Imperial Gardens.

 

Sources:

• https://realty.economictimes.indiatimes.com/news/industry/emaar-properties-to-continue-investing-in-indian-realty-sector-through-joint-ventures/71616070