According to a court document, in 2019, Emaar Properties appointed JLL as an independent valuer arbitrarily and forged the reports pertaining to the demerged assets in conspiracy with JLL to decrease the value of MGFs land and inflate the value of Emaar Properties claim to unjustly enrich themselves.
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The firm intends to release around 10 million square feet of real estate over the next two years, expanding its presence into key markets including Mumbai, Pune, Bengaluru, and Hyderabad. "We would like to repeat what we have done in the last 21 years over the next 21 months. So far, we have launched 24,500 units, a combination of apartments, floors, plots, or offices; our target is to repeat all of that in the next 24 months," Chakrabarti said.