Emaar the Dubai based Realty developer in association with MGF of India wants to eb the Numebr One realty player in India.Emaar MGF have the following SEZ approvals in India and their is no shortage of finaces for this group.
Mohammad Alabbar, Chairman of Emaar was in India to sign a deal with Accor Hotels to build 100 Formule1 Budget Hotels across India by 2010.
Speaking to bloggers after signing the deal, Mr Alabbar said,
"We see a great investment cliamte in India, as far as the real estate sector is concerned. We will continue to invest heavily in India and will be looking at expanding our base and diversifying into new areas with the aim of becoming India's leading real estate company"
[Sure their is great climate with so many Babus and Netas cashing in on their black money investments in Real Estate].
Mr. Alabbar's opinion on steep real estate prices - Given the power of local consumtion in India, there is absolutely no need to panic. Alright, continue to invest in real estate and KILL the manufacturing and services industry of India.
Tags: Emaar MGF India, Accor Hotels India
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