Emaar-MGF, a joint venture between Dubai-based real estate developer Emaar Properties and India’s MGF Development Ltd, is looking at fast completion of its existing projects in the current financial year rather than launching new projects.
Sources said the company’s primary focus is business consolidation in the financial year, as several of its projects are running behind the schedule and the developer is reeling from a heavy debt burden.
Although company officials said some new projects would be launched in 2012-13, the key focus will remain on execution and delivery of the launched projects.
No comments:
Post a Comment