Emaar India plans to invest a billion dollars over the next 4 to 5 years to develop real estate projects in the country

Emaar India launched a luxury project in Gurugram’s last year for which it is investing close to ₹900 cr; Second phase likely to be launched within six months. Real estate company Emaar India plans to launch close to 8 to 10 mn sq ft this year with an investment of about a billion dollars over the next four to five years. Almost 80% of the projects will be in Gurugram, Kalyan Chakrabarti, CEO, Emaar India told HT Digital.

The company is currently present in five locations that include Lucknow, Mohali, Indore, Gurugram and Jaipur. It has not yet launched a project in Ludhiana.

We hope to acquire lands in a couple of new locations but as of now we have plans to expand only in the same cities where we are present historically. The 8 to 10 mn sq ft where we intend launching this year will primarily be in existing markets. This roughly translates to 8 to 10 projects in existing locations. Majority of our launches will be in Gurugram where the pricing will be upwards of ₹8000 per sq ft,” he told HT Digital.

Read Also: Real Estate Projects to Bring Boom in the Country: Emaar will Invest Billion Dollars in India


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