Transforming Urban India: Emaar’s Billion-Dollar Blueprint
Emaar India, a real estate giant, has unveiled an ambitious plan to invest a staggering billion dollars over the next four to five years, aiming to develop and launch approximately 8 to 10 million square feet of real estate projects across the country. This strategic move is set to significantly impact the Indian real estate landscape, particularly in Gurugram, which is poised to host the majority of these projects. Let’s delve into the details of Emaar India’s investment and its implications for the Indian real estate sector.
A Focused Investment Strategy
Emaar India’s strategy is not just about expanding its footprint but also about strengthening its presence in the markets where it has historically been active. With a focus on five key locations — Lucknow, Mohali, Indore, Gurugram, and Jaipur — the company is set to launch 8 to 10 projects primarily in these existing markets. Gurugram, in particular, is expected to be the epicentre of this development surge, with project pricing anticipated to start at ₹8,000 per square foot. This major leg-up that Gurugram’s economy will soon witness has investors at the edge of their seats.
Gurugram: The Crown Jewel
Gurugram, a city already known for its vibrant real estate market, is about to get a significant boost from Emaar India‘s investment. The company has launched a luxury project in Gurugram’s Sector 62, with an investment of close to ₹900 crore spread over four to five years. This project, Urban Oasis, is a testament to Emaar India’s commitment to delivering luxury and quality. The first phase of Urban Oasis has already introduced 424 units, and the second phase is expected to add around 60 units, with the total development cost pegged at ₹900 crore.
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