Emaar MGF, a joint-venture between Dubai-based realtor Emaar Properties and Indias MGF Developments, has embarked on a major pan-India real estate building programme that will include nine special economic zones (SEZs) and 50 hospitals.
According to information supplied by Emaar MGF, it will also add 25,000 hotel rooms throughout India in ten years, numerous schools and universities, residential townships and shopping malls.
The plans are part of a huge investment package, which one Indian newspaper puts at $12 billion in the next five years alone. The figure is considered to be the largest single investment in the countrys real estate sector.
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