Emaar MGF Launches Jaipur Greens

  • Project investment estimated at Rs 600 crores
  • JDA approved community
  • Strategically located off NH 8 (Ajmer Highway) and next to upcoming integrated business city
  • Exclusive gated community comprises plots, villa floors and retail spaces
New Delhi, September 17, 2009: Emaar MGF Land Ltd. launches its first residential project, Jaipur Greens, with an estimated investment of Rs 600 crores. With this project, Emaar MGF reinforces its commitment to a growing Jaipur that houses the company’s prominent Fortune Select Metropolitan Hotel and the MGF group’s Metropolitan Mall.
Spread over 155 acres, Jaipur Greens is an exclusive gated community comprising plots, villa floors, leisure and retail areas as well as spaces for education and commercial centres. To begin with Jaipur Greens is being launched with a choice of low-rise independent floors on two plot sizes, 223 sq. m. and 293 sq. m. coupled with three and four-bedroom homes over four floors. Billed as a ‘city within a city’ Jaipur Greens has been designed keeping in mind the evolving profile of Jaipur as a fastgrowing city. Growth in industrial activity, IT/ITeS and banking sectors, and its proximity to Delhi has catapulted Jaipur into an emerging city.
Commenting on Jaipur Greens, Mr Shrikant Joshi, CEO, Emaar MGF, said, “Jaipur has been vital to Emaar MGF for long and as we expand and grow our operations, the city has become increasingly important to us. We believe that the Company’s Fortune Select Metropolitan Hotel is an important landmark in Jaipur and now we expect that Jaipur Greens will also carve out a niche in the city’s realty sector. This strategically located world-class gated community is planned to evolve into a vibrant neighborhood in a serene environmental-friendly setting.”
Jaipur Greens is conveniently situated off the Delhi-Jaipur-Mumbai NH-8 and the proposed Golden Quadrilateral. The international airport and the railway station are 18 km and 21 km from the community. Most importantly, Jaipur Greens enjoys some material locational advantage in the region. The integrated business city promoted by Rajasthan Industrial Development and Investment Corporation (RIICO) on 3,000 acres is situated next to the project so are the offices of Deutsche Bank, Infosys, Wipro and a host of IT/ITeS firms. By all accounts, in our view, this area of Jaipur would emerge as the services and industrial growth corridor by 2012, when the business city would become operational.
The plots and villas floors within Jaipur Greens are part of a community that has beautifully landscaped gardens lining broad avenues. Besides, there are sprawling common greens, space for clubhouse and hospital. As is the case with other projects of Emaar MGF, there is a special focus on world-class infrastructure that includes power back-up, piped gas, perimeter security, roads, telecommunication, electricity and water supply and drainage system with an emphasis on environment-friendly technologies.

About Emaar MGF

Emaar MGF is a joint venture between MGF Developments Ltd and Emaar Properties PJSC, Dubai. The Company has been instrumental in bringing one of the largest FDI in the Indian real estate sector. Headquartered in New Delhi, the Company started operations in India in mid-2005 and is engaged in pan-India projects across Residential, Commercial, Retail and Hospitality. The Company is driven by its mission to develop and deliver unique integrated lifestyle and work place environments and planned developments and to be recognized as a responsible corporate citizen and an employer of choice. Emaar MGF is constructing master planned developments including residential, retail and hospitality properties to provide fully integrated self contained communities. Emaar MGF is developing integrated townships and gated communities in Hyderabad (Boulder Hills), Mohali (Mohali Hills), Delhi (Commonwealth Games Village 2010), Gurgaon (Palm Drive, Palm Springs, Emerald Hills), Indore Greens and Jaipur Greens. The Company has also launched the Fortune Select Metropolitan hotel in Jaipur this year.

For more details, contact:
Anupama Chopra,
Head-Corporate Communication
EmaarMGF Land Ltd.

  Santosh Singh
EmaarMGF Land Ltd