Emaar MGF, one of India’s leading real estate developers is all set to develop an IT-ITeS SEZ at Coimbatore after the central government gave consent to 22 new proposals for Special Economic Zones (SEZs).
The government has so far notified 270 SEZs involving an investment of Rs 83,450 crore. But the credit crisis in real estate has severely impacted the pace of SEZ development.
About EMGF:
EMGF is a real estate company incorporated in 2005, co-promoted by Emaar Properties of UAE and MGF Developments. The company is into residential, commercial and retail projects and has plans to foray into hospitality and airport projects.
EMGF’s promoter, Emaar Public Joint Stock Company (Emaar), is an international real estate player with a presence spanning Saudi Arabia, UAE, Egypt and the US. Emaar PJSC is building the world’s largest tower and Mall in Dubai and is also involved in the prestigious King Abdullah Economic City in Saudi Arabia.
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