Emaar MGF kicks-off India's first integrated township – MohaliI Hills

 
     
  Marks the beginning of Pan India footprint across mega projects in Residential, Commercial & retail, IT parks & SEZ’s, Hospitality, Healthcare and education sectors  
     
 
 
     
 
  • Mega township project with a capital outlay of Rs. 16,000 crores
  • Mohali Hills set to redefine socio economic landscape of Punjab, large scale impact on employment and revenue opportunities, lifestyle options
  • Emaar MGF has brought in the largest FDI commitment in the real estate space
  • Alliances with internationally renowned companies to bring in global best practices
 
     
  Chandigarh (Mohali), June1, 2007: Emaar MGF, India’s leading real estate developer today announced the commencement of its signature project Mohali Hills. The foundation Stone laying ceremony in the august presence of Honourable Chief Minister of Punjab, marks the auspicious beginning of the company’s pan India project plans. Mohali Hills is the maiden mega project of the joint venture in Punjab with a capital outlay of Rs. 16,000 crores.  
     
  Emaar MGF Land limited has emerged as India’s foremost joint venture in real estate with projects being implemented on a pan India basis across Residential, Commercial & retail, IT parks & SEZ’s, Hospitality, Healthcare and education sectors Emaar MGF has brought in the largest FDI in Indian real estate sector along with global collaborations that have introduced global best practices in the sector today.  
     
  Spread over many acres, Mohali Hills, the first ever integrated township to be built in Punjab, will include residential plots, town houses and villas along with convenient shopping malls, landscape gardens and recreational centres. The township will house special education & wellness zones with fully-equipped hospitals, schools, and colleges in order to provide institutional facilities of medical care and education to the residents of the township. The township will also provide for opening of world class office & IT park spaces which in turn will give a fillip to industry and business, IT in the state.  
     
  ‘Mohali Hills’ is the culmination of an MoU between the Government of Punjab and Emaar MGF to develop 5000 acres of land in different parts of Punjab; Mohali, Ludhiana, Jalandhar and Amritsar; through integrated township projects and urban infrastructure development projects.  
     
     
  Detailing his overall vision and plans for Indian real estate sector, Mr. Shravan Gupta, Executive Vice Chairman & Managing Director, Emaar MGF, said “Emaar MGF is working towards making a significant difference to Indian lifestyle through world-class development. It is our vision to change the way modern India lives, and towards this goal we have brought into the country, largest ever FDI in the Indian real estate sector. The sound partnership between Emaar and MGF promises to usher in a real estate revolution in India with the development of world-class structures of such size, scale and magnitude that have not been witnessed so far Mohali Hills is the first step towards that direction. From Mohali Hills will start a transformation in real estate products, processes and services that will change as much lifestyles as the business of realty in India.”  
     
  Commenting on his association with Punjab, he further added, “Punjab is a progressive state and offers endless opportunities of development aligning with our vision of ‘Creating a new India’. We are committed to Punjab and its real estate development in partnership with the people and the government of Punjab.”  
     
  A CASCADE OF BENEFITS FOR THE STATE  
  Each project will bring in a cascade of benefits for the particular states where they are developed. A single large township will generate demand for FMCG, household items, cement, steel etc. approximately in the range of Rs.30,000-40,000 crores.  
     
  Each large township will benefit the States with revenue earning of about Rs.1000 crore mainly by way of Stamp Duty, VAT and Service Tax.  
     
  The townships are expected to create employment opportunities for over 50,000 people  
     
  PROJECTS PLANNED ACROSS THE COUNTRY  
 

Emaar MGF plans a pan-India footprint with significant investments over the next few years across real estate projects in residential, hospitality, commercial & retail, education, healthcare and IT parks & Special Economic Zones (SEZs).

 
     
 

Residential

 
 

Mohali Hills, Mohali

 
 
  • India’s first Integrated Township
  • Residential plots, town houses and villas
  • Integrated infrastructure of civic amenities including landscaped gardens, shopping and recreational centres
  • Special Education & Wellness Zone
  • Commercial & retail hub including office space & IT park
 
     
 

The Views, Mohali

 
 
  • Premium apartments within Mohali Hills
  • Spread over 26 acres
 
     
 

The Palm Springs , Gurgaon

 
 
  • Premium residential project in Gurgaon
  • Spread over 19 acres
  • 300 high-end apartments and 100 luxury villas
 
     
 

Commercial & Retail

 
 
  • To become a provider of choice for real estate solutions for commercial & retail sector across India .
 
     
 

The Central Plaza , Mohali

 
 
  • Centre of community Mohali Hills
  • Dynamic tenant mix
  • Supermarkets, laundries, Pharmacies
 
     
 

SEZs

 
 
  • Approvals for 9 SEZs
  • Across various product categories
  • States like Haryana, Hyderabad , Tamil Nadu, Andhra Pradesh & Karnataka
 
     
 

Hospitality

 
 
  • 10 luxury hotels in 7-10 years
  • 45-50 business hotels in 7-10 years
  • JV with Accor for 100 budget hotels in 10 years
  • To add 25,000 Hotel rooms across India in 10 years
 
     
 

Education

 
 
  • Many schools & universities across the country.
  • Schools to provide IB, ICSE & CBSE courses
  • General stream & specialised universities
  • First school with seating capacity of 1800 coming up in Neemrana
 
     
 

Healthcare

 
 
  • 50 hospitals across the country in 7-10 years.
  • Majority of hospitals to form a part of integrated townships
 
     
     
 

Global Collaborations for bringing in worldclass standards

 
     
 

Emaar MGF JV with Accor

 
 

To contribute to India’s economic development by providing key infrastructure for economic development, Emaar MGF formed an alliance with Accor, global leaders in economy and budget hotels. The JV will bring the internationally acknowledged chain of budget hotels, Formule 1, to India hotels. Targeting the booming business & leisure traveler segment, the Formule 1 hotels will offer budget accommodation at par with global standards.

 
     
 

Emaar MGF JV with Leighton Asia

 
 

Emaar MGF formed its JV with Leighton Group, Australia’s largest project development and contracting group. The JV Company, Leighton Construction India Pvt Ltd, will offer world-class design and construction services introducing global best practices in construction for real estate and infrastructure development for Emaar MGF projects across the country. The joint venture will ensure Emaar MGF’s projects become synonymous with quality construction, and on time delivery. Starting with Mohali Hills, the JV company will be executing Emaar MGF’s residential project – The Palm Springs in Gurgaon ( Delhi )

 
     
 

About Emaar MGF Land limited

 
 

Emaar MGF Land limited is a joint venture between Emaar Properties PJSC – one of the world’s leading real estate company and MGF Developments – India’s leading real estate developer. The company has been instrumental in bringing the largest FDI in the Indian real estate sector.

 
     
  Headquartered in New Delhi, the company started operations in India in mid-2005 and is engaged in pan India projects across Residential, Commercial & Retail, Hospitality, Special Economic Zones (SEZs) and IT parks, Education and Healthcare.  
     
 

As a real estate company, Emaar MGF aims to make a real and positive impact on the lives of the people bringing in outstanding quality realty developments. Currently the company has rolled out integrated mega township project in Mohali Hills, in Mohali- Chandigarh and The Palm Springs, a residential community project in Gurgaon.

 
     
 
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