India to buy $20m worth of Emaar MGF property 3978 4162 PakRealEstateTimes.Com

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India to buy $20m worth of Emaar MGF property

04-02-2009, 08:46 AM

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LahoreEstate Offline

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India to buy $20m worth of Emaar MGF property

The Indian government will buy up to $20m worth of flats from Emaar MGF Land, according to a report by the Business Standard newspaper. It said M. Ramchandran, secretary at the Ministry of Urban Development, has asked the Delhi Development Authority to examine the possibility of allowing it to buy flats to provide liquidity support to the firm

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