India by buy Emaar Games apartments
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India’s government will spend INR1 billion rupees (US$20 million) buying flats in the Commonwealth Games village from Emaar-MGF Land Ltd, Bloomberg reported, citing the Business Standard newspaper.
The Delhi Development Authority to conduct the purchases, which amount to a third of the financial support sought by Emaar-MGF, the newspaper reported. The developer was reportedly struggling to sell the properties.
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