Emaar Properties has said it will take action to protect the interest of its Indian unit after media reports said India will fine Emaar MGF Land for the delay in delivering the Commonwealth Games Village in New Delhi, Bloomberg has reported. “The encashment of the guarantee has no direct impact on Emaar as the guarantee has been issued by the facilities available to the company in India,” Emaar said in a statement.
Emaar Properties has said it will take action to protect the interests of its Indian unit after media reports said India will fine Emaar MGF Land for the delay in delivering the Commonwealth Games Village in New Delhi, Bloomberg has reported. “The encashment of the guarantee has no direct impact on Emaar as the guarantee has been issued by the facilities available to the company in India,” Emaar said in a statement.
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