Emaar MGF commences handover of The Palm Springs Plaza

Third project handover of 2015 reaffirms Company's execution and delivery commitments. End Quote

(1888PressRelease) September 09, 2015 - Emaar MGF, India's leading real estate developer, has reinforced its commitment towards execution and delivery of its projects, by announcing the receipt of Occupancy Certificate for The Palm Springs Plaza - the premier integrated office-cum-retail complex on Golf Course Road in Sector 54, Gurgaon. The Company has subsequently commenced the possession and handover of units, thereby delivering its third project of the current year.

The Palm Springs Plaza is a high-tech, eco-friendly, up-market integrated commercial complex by Emaar MGF - a joint venture between Emaar, the world's most renowned developer, and its Indian counterpart, MGF. Designed by R204, it is a 15-storey structure having 300,000 sq ft of built-up area, with 51,000 sq ft for retail activities spread over two floors (Ground+1st Floor) and commercial offices from 2nd to 15th floors. Prominent organizations like Airtel, IndusInd Bank, Needs Supermarket, Bikers Cafe, Zizo, etc. have already leased out the space in this premium property.

Speaking on the occasion, Mr. Ashish Jerath, VP-Sales, Emaar MGF said "We are extremely delighted to commence the possession for this world-class facility, marking our third project delivery of this year. The Palm Springs Plaza on Golf Course Road offers a unique business proposition of office-cum-retail complex in the bustling business hub of Gurgaon. We have received favorable response from some of the leading corporates for the office space in this project. We are also confident of delivering more projects in 2015, thereby strengthening our track record for project deliveries even further, and reflecting Emaar MGF's long-term commitment towards execution and delivery of its projects."

The Palm Springs Plaza has international quality specifications and craftsmanship to meet the most stringent demands of business activities in a globalized world. Located in the thriving neighbourhood of the Golf Course road, the project lies right next to The Palm Springs, a buzzing luxury residential community delivered earlier by Emaar MGF in 2011. The complex also boasts of central air-conditioning, high-speed elevators, 100% fully automatic power back-up, 3-level basement and surface parking, high-tech communication, access control, video surveillance and life safety equipment.

The office space provides an environment built to nurture excellence and productivity, as large floor plates, open span design and central corridors ensure maximum utilization of the available space. With a captive catchment residential area, the retail space of The Palm Springs Plaza is an excellent business proposition for supermarkets, fashion and garment stores, banks, restaurants and boutiques. There are separate entrances for office and retail sections having well-finished lobbies, common areas, and fully furnished public restrooms.

About Emaar MGF Land Limited
Emaar MGF is a joint venture between MGF Developments Ltd and Emaar Properties PJSC, Dubai. The Company has been instrumental in bringing one of the largest FDI in the Indian real estate sector. Headquartered in New Delhi, the Company started operations in India in mid-2005 and is engaged in Residential, Commercial, Retail and Hospitality projects across India. The Company is driven by its mission to develop and deliver unique integrated lifestyle and work place environments and planned developments and to be recognized as a responsible corporate citizen and an employer of choice. Emaar MGF is constructing master planned developments including residential, retail and hospitality properties to provide fully integrated self contained communities.

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