Emaar’s Avenues and Grace get CMDA completion certificates

– Company reinforces delivery track record, committed towards seamless completion of projects –

#EmaarIndiaDelivers 

New Delhi, 17 January 2017: India’s leading real estate developer Emaar India has re-emphasized its delivery track record with the receipt of Completion Certificate (CC) from Chennai Metropolitan Development Authority (CMDA) for the second phase of its Chennai residential projects, The Avenues and Grace at Esplanade. This is in line with the Company’s continuing initiative towards time-bound execution, swift completion and seamless delivery of all its ongoing projects.

Located in Tondiarpet, The Avenues and Grace are parts of the fledgling 14-acre residential community, The Esplanade in North Chennai, which is one of the largest housing developments within the jurisdiction of CMDA. The Avenues and Grace are being developed in phases, and the Company has received Completion Certificate for 247 units in the second phase, including all the 170 units of Grace. With this development, Emaar India has entered the final stages of completion of the entire Esplanade project, as it has obtained CC for 324 units until now of the total 422 units in The Avenues and Grace. The Company had earlier handed over the residential units and clubhouse in the Esplanade project.

On this occasion, the official spokesperson of Emaar India said, “This is a significant progress for our customers across the country, especially the ones in Chennai, and we are extremely delighted to share it with them. We have always considered Chennai as a major growth centre from a business perspective. As Emaar India is persistently working towards rapid completion and delivery of all its ongoing projects, our primary concern remains the resolution of customer issues and protection of their interests. We have already made a series of deliveries in 2016 across different markets in India, and are confident of further reinforcing our track record by handing over more projects in 2017 which will be in line with our global legacy.”

Although realty market across India is going through a challenging phase, Emaar India has renewed its commitment to fast track all ongoing projects like Emerald Estate, Emerald Hills, Palm Garden, Palm Hills, Palm Terraces Select, The Palm Drive, Gurgaon Greens, Imperial Gardens in Gurgaon region besides the Chennai projects.  At present, 9000 labourers are employed at various sites of the developer, as against 500 in April 2016. Additionally, Emaar India has been sharing project completion schedules, with time-bound achievement of specific milestones, for all projects with its customers, and the same information is also available on its website.