Emaar MGF launches ''The Terraces'' at Mohali Hills First premium offering targeted at growing mid-market segment

  • ''The Terraces'' comprise 240 independent, low rise luxury homes with Mediterranean design themes in Phase I
  • Residences' prices begin at an affordable Rs. 36 lakh
Chandigarh, June 6, 2008: Emaar MGF Land Limited., one India's leading real estate developer, announced the launch of ''The Terraces'' with an aim to cater to the growing mid-market segment. Part of Mohali Hills, Emaar MGF's 3,000-acre integrated township, these independent low-rise luxury homes will feature the highest design standards and modern amenities at attractive price points. ''The Terraces'' compliments the plotted developments and luxury apartments within this gated community with an offering at multiple price-points. Phase I of ''The Terraces'' is expected to be completed by 2010 and are priced at Rs. 36 lakh upwards.
Designed to give one the feel of life in a Mediterranean villa, ''The Terraces'' provide the safe surrounding environ of community living. Located within the neighborhood of a nine-hole executive golf course, destination retail facilities, international hospitality properties, and premium residences, ''The Terraces'' will house three independent dwelling units with the ground floor priced at Rs. 46 lakhs, first floor at 38 lakhs and the second floor at 36 lakhs.
Elaborating on the launch, Mr William R. Rattazzi, CEO, Emaar MGF, said, "Emaar MGF is committed to redefine lifestyle choices for an emerging India. Our latest offering, ''The Terraces'', is a unique proposition providing contemporary luxury living at affordable price-points."
Mr Rattazzi further added, "At Emaar MGF, we are guided by our vision to offer a product cache that straddles multiple price points with value as a key focus. With ''The Terraces'' we now have a comprehensive residential offering for our customers. Moreover, as a responsible corporate our endeavor centres around providing a wider choice to a larger section of the society."
Each independent unit comprises three bedrooms fully finished ready-to-move in homes. The ground floor homes come with charming gardens, the first floor has beautiful balconies and the second floor provides panoramic views from the terrace.
Emaar MGF's signature project, Mohali Hills, includes residential plots, townhouses and villas. Along with convenient shopping malls, landscaped gardens and recreational centres, the township will house special education and wellness zones, with fully equipped hospitals, schools and colleges with an aim to provide institutional facilities to the residents of the township. The community will also include a world class office and IT park which in turn will provide a fillip to industry and businesses in the State.

About Emaar MGF

Emaar MGF, a joint venture between Emaar Properties PJSC, Dubai - one of the world's leading real estate company and MGF Developments Ltd., India - is one of India's leading real estate developers. 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, Hospitality, Retail, Commercial & Special Economic Zones (SEZs) and IT parks. It has further identified new areas of growth in Education, Healthcare and Infrastructure sectors.
As a real estate company, Emaar MGF aims to make a real and positive impact on the lives of the people with development of outstanding quality realty projects. The company has a presence across 26 cities in the country and is driven by its mission to develop and deliver unique integrated lifestyle and work place environments and planned developments and to be recognized as a responsible corporate citizen and an employer of choice. Emaar MGF has plans to construct master planned developments including residential, retail and hospitality properties to provide fully integrated self contained communities.
The company has strategic tie ups with global players like Turner, Leighton and Multiplex for project management and construction services. It has also entered into partnerships with international hospitality majors. like Accor and Premier Inn for budget and limited services category properties, Marriott, Hyatt and Intercontinental and Four Seasons for the up market and luxury category. Emaar MGF's association with Hamptons Group Limited, a global property sales, management and development services company, also helps the company leverage its sales and marketing expertise for Emaar MGF properties

For more details, contact:
Anupama Chopra,
Head-Corporate Communication
EmaarMGF Land Ltd.

  Beedisha Chakrabarti
EmaarMGF Land Ltd.
  Santosh Singh
EmaarMGF Land Ltd