Real estate developer Emaar MGF
Land Ltd., a joint venture between Dubai-based Emaar Properties PJSC and
India s MGF Development Ltd., plans to enter the affordable housing
market in India to boost sales and profitability.
The company
is also looking at expanding its hospitality business in the country, K.
Ramamurthy, chief executive officer, projects, Emaar MGF, said. The
company, which has around 11,000 acres of land, expects the affordable
housing market to drive growth even as luxury projects remain an
important business segment for the developer. Emaar MGF will be
investing around Rs. 8,000 crore in the next 4-5 years, Ramamurthy said.
No comments:
Post a Comment