The relaxation of trade and business norms in the Indian growing economy has attracted the attention of many foreign investors India’s incipient market opening to the world not only pushes the country into the international arena but also invites global attention

There may have been a lot of scandals in India but the alleged scam in Hyderabad which brought undue discredit to the world’s leading real estate firm, Emaar, seems to be the most disturbing of them all It is not the allegations which are disturbing, it is the nature of the controversy which is most disturbing

Emaar Properties is a Dubai based real estate developer Founded in the late 90’s, Emaar began its operation with a vision to change the global living standard

Independent investigations by CBI, Emaar in the alleged Emaar Case seem to have left everyone red faced who cried foul against the real estate developer from Dubai Initial findings indicate that Emaar may have had no role to play in the alleged wrongdoings and may just be an attempt to hurt the image of the real estate giant

Emaar properties is a Dubai based real estate firm with operations in multiple countries across many continents Set up in the year 1997 in Dubai, Emaar properties has witnesses a huge growth in just a decade and a half years of operations

There’s something peculiar about the Indian media, it somehow loves sensationalism How else can one explain why the alleged Hyderabad land scam was actually branded Emaar MGF Scam

In the state of Hyderabad, the state capital of Andhra Pradesh, the real estate giant from Dubai, along with its local partner MGF, found itself embroiled in a controversy regarding undervaluation of the land by a government agency The allegation was that the government agency undervalued the land in order to give the real estate company undue monetary benefits, an allegation thoroughly refuted by Emaar MGF, CBI though is continuing its investigation into the matter

Emaar MGF combined has seen its own share of controversies in the Indian real estate market, as has any major corporation setting base in India With the Indian market plagued with corruption and red tape, almost all new entrants in the market learn the market dynamics the hard way

Emaar case is often referred to as one of the biggest hassle in the country’s real estate development sector A case that has been more hyped by media and local politicos alike, the name bestowed upon this scam surely overshadows the real culprit in the case

Emaar CBI connection in regards to Emaar Scam is a blessing in disguise for the real estate developer as detailed CBI investigation has revealed no evidences against the global player, thus clearing its role in the much hyped Emaar Scam Emaar, co-accused along with APIIC or Andhra Pradesh Industrial Infrastructure Corporation were embroiled in a controversy surrounding a luxurious township in the capital city of Andhra Pradesh, Hyderabad