Essar Group News

Dubai’s Emaar Properties To Partner With Local Developers To Monetize Land Bank In India

Sitting on a huge land bank of 4,500 acres across India, Dubai-based Emaar Properties is looking for partners to develop some of the land parcels that it does not intend to construct. Emaar India's new CEO Prashant Gupta said the company has also chalked out a plan to launch 7-8 projects in 2019 calendar year, even as its current focus is to complete 10,000 pending units by end of the next year at a cost...

Essar Completes Sale of Equinox Business Parks to Brookfield

Essar today announced that it has completed the sale of Equinox Business Parks, its commercial property in Mumbai’s Bandra-Kurla Complex, to Brookfield Asset Management, a leading global asset manager, for an enterprise value of Rs 2,400 crore. Located in Mumbai’s prime CBD and spread across nearly 10 acres, Equinox Business Park comprises four towers, with a leasable office space of about 1.25...

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