The firm is working on a resort, a museum and a shopping and office complex in different parts of the South Asian nation
Emaar Properties, Dubai’s leading developer, is open to taking on urban redevelopment projects in India, as it strives to build a new resort in the hills of India. “We have done one such project in Turkey and delivered 8,000 homes. It was an incredible experience. I can assure you if I get a project like that in India, I can shock everyone and show how it is done,” said Mohamed Alabbar, Founder and Managing Director.
He disclosed that the company will announce a resort project in the next few months in the hills of India, which he is “exploring quite seriously”. The location of the resort was not disclosed.
The company is also working on a museum project in Gujarat, which is just at the beginning, Alabbar said. He believes Emaar can repeat its success in India's hospitality, residential and mall segments. “I think hospitality in India has a great future because of the positive supply and demand situation.”
“When it comes to the shopping mall business, India is just at the beginning. So, I believe that we should really focus on these sectors and we should focus on the main cities of India first,” Alabbar stated. In March, Emaar said it will build a $60 million shopping and office complex in Indian Kashmir, which will include a shopping mall and multi-purpose commercial tower in Srinagar.
