Dubai based developer Emaar Properties set its foot in Indian market with the beginning of the joint venture with MGF Development Limited in December 2005. In fact, Emaar MGF confirmed the largest FDI in real estate till date amounting to US$ 4 billion focusing essentially on residential projects across Indian cities of New Delhi, Haryana, Mohali, Hyderabad, and Chennai.
With more than 20 luxury properties in the real estate sub-sector of India, Emaar MGF has a come a long way in less than a decade to accomplish what has not been achieved by any indigenous property developers of India. Despite an alleged Emaar MGF scam, in which CBI has given a clean shit to the company, Emaar has successfully thrived in commercial and residential space of Indian real estate sector.