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Emaar India lines up new projects
Emaar India had raised Rs25 billion to expedite execution and completion of its ongoing projects.
"We have expedited all our projects to be able to deliver close to 11,000 units by the end of 2019. This would complete all our existing projects," Emaar India CEO Sanjay Malhotra said.
Emaar India had raised Rs25 billion to expedite execution and completion of its ongoing projects. Malhotra said there are green shoots in the market as the queries of buyers are gradually gaining momentum.
"We have already surpassed our annual target for this year. Enquiries in the secondary markets is also going up," he said, adding that the company was working towards announcing new projects with a total inventory of 1,600 units.
"This would be a mix of new projects and expansion of existing projects and would be announced very soon," he said, adding that the new projects may not be in the premium category.
Malhotra said the positive traction in the market has been seen after the recent policy interventions like the Real Estate Regulatory Authority (Rera) and demonetisation by the government. - IANS
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