Thursday, June 4, 2009

Emaar mgf

This company is a real estate company which has been till now doing reasonably well but then after the recession hit it went in tailspin and was bailed out by DDA after they agreed to purchase the 333 flats at Rs. 700 crore.

Meanwhile in a related development Emarr MGF started their first hotel project in Jaipur and it will be managed by ITC subsidiary Fortune and will be named as Fortune Select Metropolitan, to be managed by an ITC subsidiary.

Emaer MGF is not listed and other real estate stocks which are listed are Unitech, DLF and Omaxe.

No comments:

Post a Comment