EmaarMGF to invest Rs 12,000 cr in South

The venture will develop residential, commercial, retail, IT, SEZs and hospitality facilities across 31 million square feet (sft) land in Chennai, Coimbatore, Mysore, Mangalore and Kochi. The company has a nationwide land bank of 13,000 acres, including 1,500 acres in south India, EmaarMGF chief executive officer, William R Rattazzi, told the media at the launch of $1.4 billion (Rs 5,600 crore)