Emaar India to invest Rs 2,000 cr in 2yrs to complete projects

Realty major Emaar India will invest Rs 2,000 crore over the next two years to complete all its ongoing 50 projects across the country, a top company official said.

Dubai-based Emaar Properties entered the Indian real estate market in 2005 in partnership with India's MGF Development and invested Rs 8,500 crore through the joint venture firm Emaar MGF Land.

In April 2016, Emaar Properties announced its decision to end the 11-year-old JV through demerger. Since then, its Indian venture Emaar India is focusing on execution of ongoing projects.

"Our focus in on delivery. We are putting in place all components required to complete our ongoing projects. We have increased the number of labourers on sites to over 10,000 from 1,000 a year ago," Emaar India CEO Sanjay Malhotra told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)