Spread across lush 31.6 acres of verdant greens with 1,238 residential units

Dubai, October 15, 2007: Emaar MGF, a joint venture of Dubai-based global property developer Emaar Properties PJSC and MGF Development Limited of India, has launched 'Palm Drive', a premium residential property in Gurgaon, Haryana. Palm Drive is a high quality residential development designed for contemporary living in a green sanctuary setting and will include amenities like clubhouse, healthclub and parks.

Palm Drive, a unique mega-residential project, follows the successful launch of Palm Springs in Gurgaon, and is slated to be completed by 2009-2010.

William R Rattazi, CEO-Residential/Townships, Emaar MGF, said: "Emaar MGF has always stood for path-breaking innovations and designs. Palm Drive is a unique proposition, as it is one of the few residential projects in the country that will truly redefine contemporary luxury living."

He added, "Palm Drive will introduce a new paradigm in the realty sector of the country with its international quality and standard, along with modern design."

Palm Drive is spread over 31.6 acres and will consist of 1,238 residential units -apartments and villas - when completed. Palm Drive will feature sky terraces and an exclusive set of apartments with private elevators that opens to balcony views. While the apartments will exude avant-garde architecture, the independent villas will have landscaped balconies, roof gardens and pocket gardens. The ultra-modern and sleek designs of the apartments and the villas nestled in the green settings will make residing a pleasure. 

The apartments are of two types -- The Icon and Joint Blocks - and sizes range from 1,900 to 4,000 sq. ft. The villas come in 3 types -- Luxury, Premium and Standard. They will be classified on the number of bedrooms; five, four and three, respectively. Thus, the property offerings will cater across a spectrum of economic strata.

Palm Drive is easily differentiated from other existing and upcoming residential properties on account of its Emaar MGF lineage, locational advantage, design and facilities offered. The property is also in close proximity to all modes of conveyance, the major offices of Gurgaon, the best malls and multiplexes, making it the most ideal address of residence.

The facilities at Palm Drive will cover all bases of high-end international living standards -- Entertainment, Health, Outdoor Activities.

The clubhouse is planned to highlight the greenery of the entire property, and is being developed on the ground level of the apartment blocks. It comprises a Club Lounge, Club Café & Restaurant, Billiards Lounge, Cigar Lounge, Games/Card Room, Reading Corner, Home Theatre Room, and Multi Purpose Hall/Function Hall, among other facilities.

The Health Club will have a full-height glass façade overlooking the pool. It will have state-of-art facilities including a fully-loaded gymnasium, Studio, Spa, Treatment Rooms, Indoor Jacuzzi, Saunas and Steam Rooms, Juice Bar, Organic Café & Restaurant, Salon and more.

Outdoor facilities include a swimming pool cum fun pool with water feature spout & Jacuzzi, sun deck, changing areas, tennis courts, recreational putting green, children's playground, fitness park, pavilions, BBQ picnic areas, foot reflexology path, jogging path, and apartment block rooftop garden with BBQ pits.

-Ends-

About Emaar MGF
Emaar MGF is a joint venture between Emaar Properties PJSC, Dubai - one of the world's leading real estate companies and MGF Developments Ltd., India. It is engaged in the development of properties in the residential, commercial, retail and hospitality sectors. In addition, it has taken steps to develop property in the healthcare and infrastructure sectors. Its operations span various aspects of real estate development such as land identification and acquisition; project planning, designing, marketing and execution.

The Company has plans to construct master planned developments including residential, retail and hospitality properties to provide fully integrated self contained communities and stand alone development. Some of the current projects under implementation include development of Palm Springs and Palm Drive at Gurgaon, Mohali Hills at Mohali, and Common Wealth Games Village 2010 residential complex at Delhi.  

For further information, please contact:    
Kelly Home / Nivine William                                                                             
ASDA'A Public Relations                                               
Exclusive Affiliate of Edelman PR Worldwide in Middle East & North Africa                  
Tel: (+971 4) 335 5969;
Fax: (+971 4) 335 6080 
E-mail: k.home@asdaa.com, n.william@asdaa.com

© Press Release 2007