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English news

30-Mar-2017

Emaar India raises INR25bn over 6 months

Emaar Properties’ Emaar India, has raised INR25mn (AED1.4bn) from financial institutions over the past six months, in order to expedite currently opened projects, as well as repay high-cost debt. The company is targeting to deliver all current projects over the next 24-30 months, by increasing its labor count c20x to 10,000 and construction spending c4x Y-o-Y to INR80mn-INR100mn per month. 

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