Press Release Summary: At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.
Press Release Body: Realty major Emaar-MGF\'s application to go public has got the stamp of approval from the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO). The IPO is expected to hit the market in the first week of February and raise between Rs 5,000-6,000 crores, making it the second largest realty IPO in the country till date. The company will offload 11 crore shares with the pricing expected to hover around Rs 500-600 per share.
Emaar MGF Land, a joint venture between one of the world\'s leading real estate companies Emaar Properties PJSC of Dubai, and MGF Development of India, filed its Draft Red Herring Prospectus (DRHP) with SEBI in September last year to enter the capital market with its IPO of equity shares.
The company is engaged in the development of properties in the residential, commercial, retail and hospitality sectors. Its operations span various aspects of real estate development such as land identification and acquisition; project planning, designing, marketing and execution.
Some of the current projects under implementation include development of Palm Springs and Palm Drive in Gurgaon, Mohali Hills at Mohali, the prestigious Commonwealth Games village, Delhi and Boulder Hills, Hyderabad.
Many real estate companies launched their IPOs last year, but the largest of them all was the DLF offering in July 2007, which raised Rs 9187 crore.
Hyderabad has always been the most popular place in India because of its visitor friendly policies. There are many investment opportunities available to people in Hyderabad. In the past 2 years other cities have also noticed the profitability from Real Estate development and they are also beginning to contribute to the growth of the region.
We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)
For More Information visit: http://www.maaproperties.com/
2012
