Emaar to split from Indian JV Partner

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    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