Emaar India, Worldwide Resorts join for Gurugram project

23 Aug 2023 CW Team

According to three persons with knowledge of the process, the India division of Dubai-based real estate developer Emaar Properties has inked a joint venture deal with Worldwide Resorts & Entertainment to build a 73.60-acre land piece in Gurgaon for Rs 278 crore.

This was Emaar India's third contract since December 2021, and it was signed in June 2023.

Emaar India and Synergy Finhub signed a joint development agreement (JDA) in August 2022 for the development of a 17-acre land piece in exchange for a payment of Rs 345 crore. Emaar and Worldwide Resorts & Entertainment had agreed to jointly build a 119-acre land lot for Rs 375 crore in December 2021.

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