Emaar bullish on Indian realty sector; eyes joint venture projects, new markets
Bullish on Indian realty market, Dubai-based Emaar Properties on Wednesday said it will continue to invest in the country's real estate space by developing its land bank and acquiring projects through joint ventures.
The company, which aims to be a big player in India, plans to foray into two major property markets -- Mumbai and Pune -- and 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 and some land parcels in Kochi, Mangalore, Goa and other cities.
"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 ..