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Emaar CBI Jointly Demystify The Alleged Emaar Properties Case

Emaar CBI investigations into the alleged Emaar properties case of Hyderabad are slowly but surely demystifying the real controversy surrounding the alleged wrongdoings in the Hyderabad land scam. In the city of Hyderabad, soon after the project related to a luxury township with a 18 hole golf course was launched, there emerged rumors that Emaar may have conspired to gain illegally from the project. It was alleged that the government agency with which Emaar was jointly constructing the township may have assisted the real estate company to make more money through illegal means. However, as the Emaar CBI joint investigations proceed forward, more light is being shed on the allegations and it seems that the real estate giant may have found itself on the wrong side of the fence due to the vested interests of other parties in the project which tried making a fast buck and putting the real estate giant amidst a controversy better known as the Emaar properties case. It is to be noted that none of the officials of Emaar or the joint venture of Emaar & MGF have been named in the alleged scam and no charges have been filed against any of the employees or the company as a whole. With more details coming in, it seems that Emaar may not have anything to do with the alleged misdoings and may have been a soft target considering the name of the company could generate a lot of interest of the people who would willingly forget the facts just to savor the spicy news about a scandal pertaining to a globally renowned company.

It was in the year 2005 when Emaar entered the Indian market along with its local partner MGF and took the real estate market of India by surprise. The transparent nature of the company in its all its activities and the reputation for being the game changer was enough to cause ripples in the local market. As Emaar had already conquered the middle eastern market with some of the world's finest real estate and architectural projects, everyone knew that it would be naïve to expect anything less from this real estate in the Indian market. It was this fear that may have prompted its competitors and others to add fuel to the fire when rumors of the Emaar properties case started doing the rounds in the media. However, unperturbed by the allegations, Emaar went on to accomplish what it came to India for and continues its journey towards excellence.

With prime real estate under its belt, Emaar MGF is aggressively pursuing its goal of becoming India's largest real estate player and it seems doubtful that any of the allegations which erupted in the media regarding the Hyderabad project are going to slow down this real estate player in carving out a name for itself in the Indian real estate sector. Not only luxury townships and villas, Emaar is diversifying its projects in India to include construction of IT parks, business hubs and even luxury hotels. Though not formally announced, it is rumored that Emaar may soon be launching 7 stars luxury hotels in India, which will not be a surprise since Emaar has constructed and managed multiple hotels in the middle east and Dubai. The allegations which Emaar CBI jointly deconstructed in the Emaar properties case now appear to be pertaining to a long forgotten history and the company is on its way to the top with a host of projects currently shaping the skyline of India.

About Author Ankit Dua :

The author loves to write small and informative articles on topics related to Real Estate and Travel. In this article he is expressing his thoughts regarding a property case that took place in Hyderabad. (<a href="" target="_blank"></a>)

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Article Added on Monday, May 26, 2014
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