The board of Emaar Hills Township Private Limited, a joint venture between Dubai-based Emaar and Andhra Pradesh Industrial Infrastructure Corporation (APPIC), has not been changed in a bid to end the stalemate with the Andhra Pradesh government, Emaar Properties has said.
"There are no changes to the board of directors of Emaar Hills Township Pvt Ltd (EHTPL), and as a matter of policy, we do not respond to market rumours or speculation," an Emaar spokesperson told Emirates 24/7.
EHTPL is to develop an integrated golf course and township in Manikonda, a commercial suburb in Hyderabad.
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