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Submitted by: Pankaj Wahal
The investigations in the alleged Emaar Properties case have thrown light on the corrupt nature of Indian politics and the bureaucracy and the alleged Hyderabad Land Scam seems to be a fine example of how innocent companies like Emaar sometimes find themselves in controversies without any reason. Emaar MGF, one of India s most reputed real estate companies was working in association with Andhra Pradesh Industrial infrastructure Corporation, a government organization, on a very ambitious luxury residential township project when rumors of land undervaluation started doing the rounds. As happens in the Indian media most of the times, the news is made spicy by adding flavor of controversy and false allegations to increase viewership or readership, the media chose to christen the alleged scam as Emaar Properties Case as the name Hyderabad Land Scam was not getting high attention or TRP ratings. It was also in the interest of government agencies as this shifted the focus on the alleged role of the real estate company rather than on the real culprits of the alleged controversy and was also picked up by those who opposed foreign direct investment in the real estate market of India. Not bowing to the pressure, Emaar Properties decided to give its full and unconditional support to all the agencies investigating the allegations and succeeded in clearing its name from the alleged misdoings.
It was in the best interest of the company to leave the sour memories of the alleged Hyderabad land scam behind and move on to what the company does, construct. However, the company went full throttle to bring the real perpetrators of the alleged Emaar Properties scam to justice as the real estate company has a reputation of being completely transparent in its operations and considers honesty as one of its virtues. Now that Emaar is in the clear, it has shifted its focus to its other construction projects across India covering all major cities. From the much hyped and famed Commonwealth Games Village in the capital of India to a score of other prestigious projects including industrial infrastructure, IT parks and business hubs, Emaar MGF has been gaining popularity in the Indian market akin to its success all over the globe. It is to be noted that Emaar is respected around the world for its commitment to timely delivery of projects at no cost escalations or undue delays.
Those who may be unaware of this real estate giants feats around the world should consider the construction of the world s tallest building in Dubai, The Burj khalifa. A huge project which was to be constructed in such a short span of time needed a company which could be trusted with quality and precision and thus there was no one else except Emaar Properties which could be given this responsibility. After completing construction of Burj Khalifa, Emaar went on to add another feather to its cap by undertaking construction and management of the world s biggest operational mall, The Dubai Mall. With such a reputation, it was only a matter of time that Emaar MGF was to become India s leading real estate player. Leaving the minor hiccup of the Emaar Properties scam or the Hyerabad land scam, Emaar MGF has been steadily moving towards its goal of conquering the real estate market in India and to become the most trusted company in the country.
About the Author: The author loves to write small, informative articles on topics related to Real Estate and Travel. In this article, he is expressing his thoughts about
Emaar Properties Case
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