After ending its 11-year-old joint venture in India, Dubai-based Emaar Properties is now planning to take the joint development route to monetise its land parcels and support its future growth in the country.
The management of Emaar has in fact gone back to the drawing board to work on multiple options to prepare the next phase of its India strategy, including joint development agreements and new launches.
Emaar India has a total land bank of 6,000 acres across the country, part of which has been used to develop 55 projects with a total saleable area of 43 million sq ft. Of these 6,000 acres, nearly 70% of Emaar’s land bank is in the Delhi-National Capital Region and the rest is spread over Mohali, Lucknow, Jaipur, Kochi, Mysore, Chennai & Mangalore.