Emaar MGF Marbella: Impeccably Planned Villa

Emaar MGF Marbella is an upcoming residential community in Gurgaon that is targeted towards serving the needs of the luxury seeking customers. This is one of the most highly anticipated high-end residential projects by EmaarMGF since its entry to the Indian market. The company is no stranger to the Gurgaon region having developed a number of successful projects there. However, according to Shravan Gupta, EVC & managing director of Emaar MGF, Marbella is one of a kind luxury living project being developed in Gurgaon. Hence, it is no mean feat on the part of Emaar MGF.

Some of the main features of living in this luxurious EmaarMGF community are that the houses are considerably spacious and comfortable provided with all modern amenities and conveniences of life. The design of the Emaar MGF housing facilities is equally attractive and the eager customers are already queuing up to experience the ultimate in luxury living in Gurgaon. Each villa in the Emaar MGF’s Marbella project has five modern bedrooms, each with an attached bathroom. This arrangement is ideal for the Indian family that can live under the same roof and enjoy the comfort of their own living spaces. In addition to the bedrooms, each house has a living room which also serves as the dining room, a family room and a pantry that can be used to stock food items. The residents are offered a combined space of more than 8000 sq ft which is a luxury that can only be dreamt of in an area like Gurgaon. 

Each Emaar MGF villa in the project has its own pilaster which bears the house number plate and gives a very modern look to the exterior. Within the villa, all the design features and fixtures reflect a modern feel and contemporary ethos. The floors are covered with ceramic tiles which are easy to maintain and imparts a beautiful glossy finish to the house. The special anti-skid coating on the tiles prevents toddlers, young children and elders from slipping on the smooth floors and getting injured. Special POP paint on the exterior walls ensures that the paint remains protected against the elements and the house retains a new look for many years. 

Polished and well-designed veneer coverings adorn the interior of the doors and shutters. Other doors in the house are coated with PVC and glazed for greater protection. Residents can also benefit from the lawn maintenance services that are provided by the maintenance team. In this way, they can help to retain a neat and well-groomed lawn for their family.  From security perspective, a front wall is imparted to each villa that also encloses a garden. A secondary wall that offers greater privacy is also a part of the housing unit. Separate parking space has been allocated for visitors to the community along with a driveway and carport for each villa.

Emaar MGF reaches out to children of construction workers

Company distributed New Year gifts to one of the most deprived sections of the society

New Delhi, January 17, 2014: Moving a step further towards its social responsibility, Emaar MGF, one of India’s leading real estate developers, today distributed New Year gifts to 350 children at its Palm Hills and Palm Gardens project sites in Gurgaon. Overall, the company will distribute 650 gifts to children of construction workers in Gurgaon and Mohali, through its campaign, ‘Gift a Smile’.  These are children of construction workers

employed at the company’s various projects in Gurgaon and Mohali. The gift distribution is a part of company’s ‘EmCare’ campaign through which it conducts various activities for welfare of deprived sections of society.

Since its inception, Emaar MGF has conducted many CSR campaigns thereby helping many lives to survive, grow and keep smiling. The company is running a day care center for children of construction workers, at Palm Drive in Gurgaon through Mobile Creches, an organization which provides education, nutrition and health to children through the day.  As part of its CSR mandate, the company also distributes free blankets to its construction workers every year. So far it has distributed more than 25,000 free blankets across India.

Emaar MGF is involved in CSR campaigns like donation to various relief funds, donation to NGOs working in the field of disability, education and healthcare.  Last year, in the month of July when Uttarakhand witnessed one of the worst disasters, Emaar MGF contributed Rs 1 crore towards relief and rehabilitation along with Rs 3 Lakhs which employees contributed separately.

On this occasion Dr. K Ramamurthy, CEO-Projects at Emaar MGF said, “It is indeed a privileged moment for us. We believe it is imperative for an organization to give back a humble part of what it takes from the society. We continuously strive to be an entity that is socially committed by bringing together all our existing processes under the ambit of Corporate Social Responsibility through proactive initiatives.”

He further said, “Construction workers are those who work behind the stage towards bringing our dream homes into reality. At times, we tend to forget their contribution. We at Emaar MGF always try to recognize their efforts. We distribute blankets in winter; organize day care centers for the children and health check-up camps on a regular basis. Our sole aim is to bring smile on the faces of these children.”- CCI Newswire

Emaar MGF (Shravan Gupta) Power to make the world beautify

Shravan Gupta Emaar MGF

Operation Township

Till recently, buying a property called for some painful compromises. Budget restrictions meant you could only buy in specific residential areas, regardless of whether there were educational institutions, playgrounds, hospitals, shopping centres, connectivity to your place of work, or entertainment hubs in the vicinity, apart from availability and reliability of utilities like power and water. Real estate players were quick to recognise this and come up with a creative solution—townships.

Almost every day, newspapers feature advertisements for one township project or another, signalling a new trend, which has been hastened by the fact that the only available land for large-scale residential complexes these days is outside city limits. And, the only way to attract buyers to such comparatively remote locations is to provide integrated services in the township itself.

 

 Indeed, integrated townships are the way of the future, offering more open areas and an emphasis on creating a sustainable living ecosystem with residential and commercial spaces, supported by an infrastructure backbone of power, roads, water, drainage and sewage. Essentially, they are extra-large gated communities, which have everything a family would need—from schools, hospitals, playgrounds and parks to offices, shopping complexes and entertainment centres—all within a protected area with private security to monitor access. Because they are outside city limits, they offeraffordability, comfort, convenience, social integration, infrastructure and a contemporary lifestyle in an appealing package deal.

Several such townships are currently under development in the NCR, Ahmedabad, Mohali, Chandigarh, Mumbai, Bangalore, Chennai, Kolkata, Jhansi, Kanpur, Jalandhar, Ludhiana, Panipat, Sonipat, Jaipur, Saharanpur, Pune and Nagpur.

It’s clearly an idea whose time has come. Spiralling real estate prices are dampening demand, while existing residential projects are mostly in the suburbs or on the outskirts of cities, where facilities are sorely lacking. The trend to move away from the city limits is gaining pace and offering developers the chance to take a huge leap in building new integrated spaces. It also coincides with the average middle-class citizen’s search for affordable housing and better facilities. With the entire infrastructure in the hands of the developer—be it electricity, water supply, transport, or even green spaces for.

Emaar MGF's Central Plaza at Mohali to get operational soon

Emaar MGF Land Ltd, a leading real estate and infrastructure developer today said that their upcoming commercial space 'Central Plaza' at Mohali will soon get operational. The company said it had completed 90 per cent of the construction work at the Central Plaza which is part of Emaar MGF's prestigious integrated township 'Mohali Hills'.

Emaar MGF's retail offering, Central Plaza is a half kilometre long building, based on Spanish style. The concept is based on the lines of strip malls found in most of the cities of the US and Canada. In addition to unique architectural features the structure has been made earthquake resistant with 100 per cent power back provision for air conditioning. Central Plaza will have 45 elevators and a parking space to accommodate approximately 1200 cars.

Part of the company's integrated township 'Mohali Hills', Central Plaza will not only have Mohali as its core catchment area but it will also serve as a one-stop shopping destination for the brand-conscious Chandigarh buyers. Located in Sector 105, Mohali, the retail cum office complex will have footfall from the surrounding residential sectors as well as from outside due to close proximity to Chandigarh international airport, said a company official.

A key feature of Central Plaza will be a large parking area and a dedicated drop-off zone for every section that would make shopping and working here a different experience. This is in sharp contrast to the chaotic parking and clogged entrances of malls in Chandigarh, he added.

‘Govt-Emaar MGF row may hit sentiment’

New Delhi:  Credit rating agency moody’s has said that Indian government allegation against real estate company emaar MGF that it violated foreign exchange rules by using $1.5 billion of foreign funds to buy farm land is the latest action in a “string of investor-un-friendly moves” that have negatively affected foreign companies.

Recently, the Enforcement Directorate (ED) had alleged that Emaar MGF Land Ltd, a joint venture between Dubai’s Emaar properties PJSC and India’s MGF Development, violated foreign exchange rules by using Rs8,600 crore ($1.4billion) of foreign funds to buy agricultural land in the country.

Under the foreign direct investment rules, according to ED, a company is not allowed to use foreign funds to buy agricultural land. But Emaar MGF in its draft prospectus filed with Sebi in 2010 had received the necessary clarifications from India’s ministry of commerce and industry regarding the acquisition of agricultural land.

A senior real estate consultant said that in 2010 Department of industrial policy and promotion in a clarification had said that a real estate company with FDI up to 100% engaged in development of township, housing, infrastructure and construction development projects can purchase land, including agricultural land to carry out “permissible activities for a specific project.” He said that now only Emaar MGF but numbers of other real estate companies are also engaged in similar activities.

Moody’s said that the latest development in India is a reminder of the risks and uncertainties of investing in emerging markets, even those with positive fundamentals, attractive growth prospects and a rising middle class.

The report said the ED’s allegations create uncertainty around a $1.4 billion investment India. Emaar’s Exposure includes an investment book value of $650 million and an outstanding shareholder loan of $750 million to Emaar MGF.

Experts said that in order to make foreign inventors more comfortable investing in the country, the government must spell out its policy clearly and ensure stability. They said that India remains an attractive destination as it gives one of the highest returns in world, but there must be clarity and consistency in policies.