Emaar to split from Indian JV Partner

Dubai’s Emaar Properties is likely to split with its Indian partner, MGF Development, after spending 10 years as a joint venture in the country. Reports indicate that both parties are reportedly working on a deal to separate assets.

The joint venture was set up in February 2005 with an investment of $1.5 billion by Emaar.

All those projects in which Emaar has given loan guarantees will go to Emaar