23 August 2023
Emaar Properties' India unit has signed a joint development agreement with Worldwide Resorts & Entertainment to develop a 73.60-acre land parcel in Gurgaon for Rs 278 crore. This is the third agreement signed by Emaar India since December 2021. The agreement involves a revenue-sharing model, with the developer handling construction and sharing 30% of the revenue with Emaar. Emaar Properties is increasing its focus on India, particularly in the hospitality, residential, and shopping mall sectors. Getty Images The India unit of Dubai-based real estate developer Emaar Properties has signed a joint development agreement with Worldwide Resorts & Entertainment to develop a 73.60-acre land parcel in Gurgaon for Rs 278 crore, according to three people aware of the development. Representative image This agreement was signed in June 2023 and was the third agreement signed by Emaar India since December 2021.
Emaar Properties' India unit has signed a joint development agreement with Worldwide Resorts & Entertainment to develop a 73.60-acre land parcel in Gurgaon for Rs 278 crore. This is the third agreement signed by Emaar India since December 2021. The agreement involves a revenue-sharing model, with the developer handling construction and sharing 30% of the revenue with Emaar. Emaar Properties is increasing its focus on India, particularly in the hospitality, residential, and shopping mall sectors. Getty Images The India unit of Dubai-based real estate developer Emaar Properties has signed a joint development agreement with Worldwide Resorts & Entertainment to develop a 73.60-acre land parcel in Gurgaon for Rs 278 crore, according to three people aware of the development. Representative image This agreement was signed in June 2023 and was the third agreement signed by Emaar India since December 2021.
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.