Emaar MGF Land Limited announced the launch of ‘Imperial Gardens’, a fine conglomeration of luxury and fine living, in sector 102, Gurgaon. The company plans to develop 9 high-rise towers comprising 580 units of 3BHK apartments with floor area of 2000 Sq. Ft. each. The project offers 3 BHK flats with family lounge and luxury specifications in a modern gated development spread across approximately 12 acres of land along Dwarka Expressway. The project is strategically planned just outside Delhi to provide residents a permanent stay in the upcoming commercial hub with easy access to the national capital. Imperial Gardens has 9 towers arranged aesthetically to ensure all homes face green areas inside the project and the area surrounding it. The project itself has more than 6 acres of green area.

Emaar MGF Land Limited reported unaudited earnings results for the half year ended September 30, 2012. For the period, the company reported total income of INR 4,677.97 million compared INR 5,784.01 million a year ago. Profit from operations before other income, interest exceptional items and prior period items was INR 763.06 million compared to INR 1,581.08 million a year ago. Loss from ordinary activities before tax was INR 1,193.47 million compared to profit from ordinary activities before tax of INR 13.02 million a year ago. Net loss was INR 1,193.47 million or INR 1.31 basic and diluted per share compared to INR 31.98 million or INR 0.04 basic and diluted per share a year ago.

Emaar MGF Land Limited, Board Meeting, Nov 15, 2012. Agenda: To approve unaudited earnings results for the half year ended September 30, 2012.