Emaar MGF is a collaborated company between the Dubai based Emaar Properties and Indian origin MGF with over 13,000 acres of land bank in 26 major Indian cities, Emaar MGF jointly have carved a niche of themselves in the real estate segment with housing, commercial, retail and hospitality projects and as per the latest news saying @ the www.propertykhazana.com the JV group is eyeing at few SEZ and infrastructure projects.
Emaar MGF, the 2nd largest realty player in India is under crisis and if the revealed source at the www.propertykhazana.com is believed then there went discussions for and against Emaar MGF at the Dalal Street. Some realty and investments denied the rumors and assured that it is good investing on Emaar MGF shares. Meantime, company having an appealing portfolio has come ahead with its debut step into the capital market through public issue opened on 1st February and closed on 6th February 2008.
As per the source saying @ the www.propertykhazana.com Emaar MGF have market capitalization of over Rs. 62,000 crores on the upper band of Rs. 630. Taking into account the market trend and in & outs it was obligatory for Emaar MGF to cut on the band price from Rs. 610-690 to Rs. 540-630.
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