Emaar India targets Rs 5,000 crore pre-sale in FY 24-25
Emaar India, the local arm of Dubai's Emaarproperties, is expected to achieve pre-sale of Rs 5,000 crore in FY 24-25 as it has entered into the next phase of expansion in India, Kalyan Chakrabarti, CEO of Emaar India, told ET.
In the current financial year, it has sold commercial plots worth Rs 500 crore and a holiday home project in Alibaug, which will generate revenue of Rs 700 crore. It is expecting another Rs 2,500 crore from a project in Gurgaon while another smaller project will be launched later this year.
“We will continue to expand in other cities but Gurgaon will be our main market for next few years. The projects that are getting launched, are receiving good response from the buyers and we are self sufficient to execute projects,” said Chakrabarti.
Company’s latest projects at Sector 62, in Golf Course Extension Road micro market in Gurugram, is spread on 6.118 acres of land and will require an investment of Rs 860 crore.
“We have a special focus on greenery for modern comfort and sustainable living. GRIHA-pre-certified project aligns with the government’s green mobility and people-centric initiatives. Key sustainable features include rainwater harvesting, wastewater recycling, CPCB IV-rated Gensets for emission control, outdoor air purifiers, organic waste composters, and electric buggies for reduced car usage,“ Chakrabarti said.
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